Hospitality Properties Trust (NASDAQ:SVC) announced its quarterly earnings data on Friday. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.72), Fidelity Earnings reports. Hospitality Properties Trust had a negative net margin of 9.12% and a negative return on equity of 7.74%. The company had revenue of $599.80 million for the quarter, compared to analysts’ expectations of $587.35 million. During the same period last year, the business earned $1.06 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year.
Shares of NASDAQ SVC traded down $1.08 during midday trading on Friday, reaching $23.99. 1,538,900 shares of the stock traded hands, compared to its average volume of 795,627. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.18 and a quick ratio of 0.18. The company’s 50 day moving average is $25.27 and its 200 day moving average is $25.07. Hospitality Properties Trust has a one year low of $22.47 and a one year high of $28.00. The stock has a market capitalization of $4.20 billion, a PE ratio of 6.50 and a beta of 0.94.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be given a dividend of $0.54 per share. This is an increase from Hospitality Properties Trust’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date is Friday, October 25th. Hospitality Properties Trust’s dividend payout ratio is currently 58.54%.
A number of equities research analysts have issued reports on SVC shares. Zacks Investment Research lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. BidaskClub raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, ValuEngine raised shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.33.
Hospitality Properties Trust Company Profile
Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, the District of Columbia, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
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