B.Riley FBR analyst Bryan Maher maintained a Buy rating on Hospitality Properties (HPT) today and set a price target of $26.01. The company’s shares closed on Friday at $26.01.
Maher said:
“Our 2019-2020 estimates improve slightly following 1Q19 results that were in line with our expectations and slightly above the consensus. Adjusted EBITDA was $195.9M, just above our $195.5M estimate and the consensus estimate of $193.3M, while Normalized FFO/share came in at $0.88, in line with our $0.88 estimate and above the consensus estimate of $0.87. Comparable hotel RevPAR fell 3.2% Y/Y , as results were negatively impacted by renovation activity at 28 of the company’s hotels, as well as non-recurring business related to prior year major weather events, and the 1Q19 U.S. government shutdown. Increased new room supply in a number of markets also impacted results. For hotels not impacted by these items in 1Q19, RevPAR increased 1.6%.”
According to TipRanks.com, Maher is a 1-star analyst with an average return of -0.3% and a 49.1% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Senior Housing Properties Trust, and Office Properties Income Trust.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hospitality Properties with a $26.01 average price target.
See today’s analyst top recommended stocks >>
Based on Hospitality Properties’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $109 million. In comparison, last year the company had a net profit of $80.21 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hospitality Properties Trust is a real estate investment trust that provides services in hospitality and in travels. It operates through the following business segments: hotel investments and travel center investments. The firm owns hotels and travel centers located throughout the U.S., Ontario, Canada, and Puerto Rico.
