Hospitality Properties (HPT) Share Price Could Be Rising After -3.31% fall In 2017

Hospitality Properties Trust (HPT) shares saw a recent bid of $30.69 and 1.62M shares have exchanged hands in the recent trading session, yielding a 3.26% gain over the past week. The stock price increased 1.89% or $-0.57 versus $30.12 at the end of the prior session. This change led market cap to move at $5.04B, putting the price -6.08% below the 52-week high and 17.77% above the 52-week low. The company’s stock has a normal trading capacity of 666.72K shares while the relative volume is 2.49.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $33.00 while $35.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $2 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $29.50, which would be decrease of about -4% of its current value. The mean target of $33.50 should be compared with the price when the stock was languishing around $26.06 a share. And it remains to be seen which target price HPT can achieve without sacrificing much as the company is holding a 14.81% gain for the past twelve months.

By historical standards, Hospitality Properties Trust remains a cheap stock. The company’s current price-earnings ratio amounts to 26.84 times earnings, below the average P/E ratio of 33.54 times earnings. For now, Hospitality Properties Trust is the toast of Wall Street as its ABR stands at 2.00 with 3 out of 7 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Hospitality Properties Trust has a 2.27% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Hospitality Properties Trust has far performed well this year, with the share price down -3.31% since January. Over the past 2 quarters, the stock is up 0.92%, compared with a fall of nearly -1.98% for 3 months and about 8.25% for the past 30 days.

Last time, the company failed Wall Street by reporting EPS of $0.91, smashing the consensus of $0.92 per share. Revenue for the quarter also did not kill consensus, coming in at $488.6M, compared to the consensus of 495.71M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $1.08. The company is expected to report EPS as high as $1.11 and as low as $1.05 per share. Similarly, full-year EPS forecasts have ranged between $3.42 and $3.78. The mean EPS estimate is $3.60. On the other side, sales forecasts for the current quarter are $577.33M. The stock is expected to report revenue as high as $590.34M and as low as $568.7M per share. Similarly, full-year sales forecasts have ranged between $2.12B and $2.16B. The mean revenue estimate is $2.14B.

Over the last 5 years, Hospitality Properties Trust has averaged a -0.10% YoY EPS growth rate and a 11.10% revenue growth rate. Analysts are expecting EPS growth rates to be at 34.40% this quarter and EPS estimate for next year reflect 8.07% growth rate.

Sell-side analysts also have something to say about this company. FBR & Co. analysts stated on 06/03/2017 that they maintained their Outperform rating. FBR & Co. raised its rating on Hospitality Properties Trust to Outperform on 11/11/2016 in a reversal from its prior Mkt Perform rating. FBR Capital had a markedly different take on 10/08/2016, proposing that Hospitality Properties Trust is now considered Mkt Perform versus prior Outperform rating. FBR Capital analysts stated on 11/05/2016 that they maintained their Outperform rating.

Hospitality Properties (HPT) Share Price Could Be Rising After -3.31% fall In 2017 was last modified: June 19th, 2017 by Rosemary Becker
Stock News Magazine
Now there is no need to go through dozens of information portals, collecting a bit of the picture of the day. All the latest news from the region, the country, the world, you can find on the newsline of our site. The loudest incidents, interesting events, current opinions, people in the spotlight and much more – we gathered for you in one place.