Hospitality Props (NYSE:HPT) declared a quarterly dividend on Monday, March 4th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.45 per share on Monday, April 15th. This represents a $1.78 dividend on an annualized basis and a yield of 6.80%.
Several analysts have also recently commented on the stock. Analysts at JMP Securities initiated coverage on shares of Hospitality Props in a research note to investors on Wednesday, February 20th. They set a “market perform” rating on the stock. Analysts at BMO Capital Markets initiated coverage on shares of Hospitality Props in a research note to investors on Monday, January 14th. They set a “market perform” rating and a $25.00 price target on the stock.
Hospitality Props (HPT) opened at 26.19 on Monday. Hospitality Props (HPT) has a 1-year low of $21.13 and a 1-year high of $27.99. The stock’s 50-day moving average is currently $25.83. The company has a market cap of $3.238 billion and a price-to-earnings ratio of 27.89.
Hospitality Props last announced its earnings results on Wednesday, February 27th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.77 by $0.01. The company had revenue of $322.31 million for the quarter, compared to the consensus estimate of $317.07 million. During the same quarter last year, the company posted $0.78 earnings per share. Hospitality Props’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Hospitality Props (HPT) will post $3.17 earnings per share for the current fiscal year.
Hospitality Properties Trust (HPT) is a real estate investment trust (REIT). As of December 31, 2009, the Company owned 289 hotels with 42,880 rooms or suites, and 185 travel centers.
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