McNicoll Lewis & Vlak Analysts Begin Coverage on Hospitality Props (HPT)
Analysts at McNicoll Lewis & Vlak initiated coverage on shares of Hospitality Props (NYSE: HPT) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.
Separately, analysts at MLV & Co initiated coverage on shares of Hospitality Props in a research note to investors on Wednesday. They set a “hold” rating and a $25.00 price target on the stock.
Hospitality Props opened at 23.59 on Wednesday. Hospitality Props has a 1-year low of $19.00 and a 1-year high of $27.99. The company has a market cap of $2.915 billion and a price-to-earnings ratio of 20.27.
Hospitality Props last released its earnings data on Monday, May 7th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.01. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Hospitality Props will post $0.82 earnings per share next quarter.
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.