Hospitality Properites Trust (HPT) : Traders are bullish on Hospitality Properites Trust (HPT) as it has outperformed the S&P 500 by a margin of 9.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.23%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.86% in the last 1 week, and is up 17.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Hospitality Properites Trust (NYSE:HPT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.44 and $31.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.81, notching a gain of 1.08% for the day. The total traded volume was 735,049 . The stock had closed at $31.47 on the previous day.
The stock has recorded a 20-day Moving Average of 7.33% and the 50-Day Moving Average is 15.53%. Hospitality Properties Trust is up 22.96% in the last 3-month period. Year-to-Date the stock performance stands at 26.74%.
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.