Hospitality Properites Trust (HPT) : Zacks Investment Research ranks Hospitality Properites Trust (HPT) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3, which indicates as a Hold.
Hospitality Properites Trust (HPT) : Average target price received by Hospitality Properites Trust (HPT) is $30.5 with an expected standard deviation of $3.42. The most aggressive target on the stock is $34, whereas the most downbeat target is $26. 4 financial analysts are currently covering the stock.
Hospitality Properites Trust (NYSE:HPT): After opening at $28.49, the stock dipped to an intraday low of $28.25 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.69 and the buying power remained strong till the end. The stock closed at $28.57 for the day, a gain of 0.78% for the day session. The total traded volume was 702,577. The stocks close on the previous trading day was $28.35.
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 44,107 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 Companys properties are located in 44 states in the United States, Canada and Puerto Rico.