DA Davidson Initiates Coverage On Hospitality Properties Trust to Buy with Price Target $35

DA Davidson Initiates Coverage On Hospitality Properties Trust(HPT). In a research note issued to the investors, the brokerage major Announces the price-target to $35 per share. The shares have been rated Buy. The rating by the stock financial advisor at DA Davidson was issued on Mar 22, 2017 in a research report to their Investors and Clients.

Hospitality Properties Trust (HPT) shares turned negative on Fridays trading session with the shares closing down -0.22 points or -0.71% at a volume of 3,46,344. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.35. The peak price level was also seen at $31.35 while the days lowest was $30.93. Finally the shares closed at $30.95. The 52-week high of the shares is $32.63 while the 52-week low is $24.62. According to the latest information available, the market cap of the company is $5,084 M.

Hospitality Properties Trust(HPT) last announced its earnings results on Mar 1, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $479.278M. Analysts had an estimated revenue of $492.360M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.32.

Hospitality Properties Trust (HPT) is a real estate investment trust (REIT). The Company operates in two segments: hotel real estate investments and travel center real estate investments. The Company owns approximately 291 hotels with 44107 rooms or suites and 184 travel centers. The Company does not operate its properties. Instead its properties are operated by other companies under long term management or lease agreements. The Company leased approximately 288 of its hotels are leased to its taxable REIT subsidiaries (TRSs) and managed by independent hotel operating companies and three hotels are leased to third parties. The Company also owns 184 travel centers all of which it leases to TravelCenters of America LLC or its subsidiaries pursuant to long term leases. The Company’s properties are located in 44 states in the United States Canada and Puerto Rico.

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