MLV & Co Analysts Begin Coverage on Hospitality Props (HPT)
Equities research analysts at MLV & Co initiated coverage on shares of Hospitality Props (NYSE: HPT) in a research note issued to investors on Wednesday. The firm 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 for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.01. Hospitality Props’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Hospitality Props will post $0.82 EPS 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.