.png "Hospitality Properties (NYSE: HPT)")
Stifel Nicolaus analyst Simon Yarmak maintained a Buy rating on Hospitality Properties (NYSE: HPT) today and set a price target of $30. The company’s shares closed yesterday at $28.58.
According to TipRanks.com, Yarmak is a 4-star analyst with an average return of 10.8% and a 69.0% success rate. Yarmak covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Lasalle Hotel Properties, and Hersha Hospitality Trust.
Currently, the analyst consensus on Hospitality Properties is a Moderate Buy with an average price target of $31.
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Based on Hospitality Properties’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $80.21 million. In comparison, last year the company had a net profit of $60.7 million.
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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 Real Estate Investments and Travel Center Real Estate Investments. The company owns hotels and travel centers located throughout the U.S., Ontario, Canada, and Puerto Rico.
