Revenue Update on Hospitality Properties Trust(NYSE:HPT)

Hospitality Properties Trust(NYSE:HPT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $550.30M. Analysts estimated a revenue of $544.00M. Earnings per share were $1.09. Analysts had estimated an EPS of $1.05.

Hospitality Properties Trust (HPT) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.07% at a volume of 26,72,742. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $30.65. The peak price level was also seen at $30.65 while the days lowest was $30.25. Finally the shares closed at $30.53. The 52-week high of the shares is $32.32 while the 52-week low is $20.69. According to the latest information available, the market cap of the company is $4,627 M.

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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