Last $30.56 USD
Change Today +0.24 / 0.79%
Volume 673.4K
HPT On Other Exchanges
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As of 8:04 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

hospitality properties trust (HPT) Snapshot

Open
$30.07
Previous Close
$30.32
Day High
$30.57
Day Low
$30.03
52 Week High
05/8/14 - $31.00
52 Week Low
02/3/14 - $24.66
Market Cap
4.6B
Average Volume 10 Days
645.7K
EPS TTM
$0.89
Shares Outstanding
149.7M
EX-Date
07/23/14
P/E TM
34.3x
Dividend
$1.96
Dividend Yield
6.28%
Current Stock Chart for HOSPITALITY PROPERTIES TRUST (HPT)

hospitality properties trust (HPT) Related Businessweek News

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hospitality properties trust (HPT) Details

Hospitality Properties Trust, a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. The company’s hotels are operated as Courtyard by Marriott, Residence Inn by Marriott, Staybridge Suites by Holiday Inn, Candlewood Suites, AmeriSuites, Prime Hotels and Resorts, Homestead Studio Suites, TownePlace Suites by Marriott, and SpringHill Suites by Marriott or Marriott Hotels and Resorts. As of June 30, 2005, it owned 298 hotels located in 38 states in the United States; Puerto Rico; and Ontario, Canada. The company’s hotels are primarily designed for business, governmental, and family travelers. As a REIT, the company would not be subject to federal income tax provided it distributes at least 90% of its REIT taxable income to its stockholders. Hospitality Properties was formed in 1995 and is based in Newton, Massachusetts.

Founded in 1995

hospitality properties trust (HPT) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

hospitality properties trust (HPT) Key Developments

Hospitality Properties Trust Declares Preferred Dividend, Payable on or about July 15, 2014

Hospitality Properties Trust announced that its board of trustees has declared the regular quarterly dividend on HPT's Series D cumulative redeemable preferred shares. A distribution of $0.4453125 per series D preferred share is payable on or about July 15, 2014, to holders of record at the close of business on June 30, 2014.

Hospitality Properties Trust Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Hospitality Properties Trust reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the period, the company reported total revenues of $394,250,000 against $354,466,000 a year ago. Operating income was $73,820,000 against $63,117,000 a year ago. Income before income taxes and equity in earnings (losses) of an investee was $38,263,000 against $27,948,000 a year ago. Net income available for common shareholders was $32,384,000 or $0.22 per share against $19,409,000 or $0.15 per share a year ago. FFO was $110,671,000 or $0.74 per share against $91,689,000 or $0.73 per share a year ago. Normalized FFO was $112,671,000 or $0.75 per share against $93,202,000 or $0.74 per share a year ago. The increase in normalized FFO from the 2013 quarter is due primarily to a $10.2 million increase in minimum returns and rents, and a $5.6 million increase in FF&E reserve contributions. The more limited growth in normalized FFO per share was due to the impact of a higher weighted average share count in the 2014 quarter. EBITDA was $151,821,000 against $135,492,000 a year ago. Adjusted EBITDA was $154,951,000 against $137,477,000 a year ago. This quarter's results benefited from the RevPAR outperformance of the 39 hotels that were under renovation during the 2013 first quarter, with RevPAR up 32.4% at these hotels on occupancy and ADR gains of 14.1 points and 5.3%, respectively, in the current quarter. This strong performance was partially offset by the weak results at the 18 hotels under renovation this quarter, with RevPAR down 4.2% at these hotels on lower occupancy. Hotel cash flow available to pay the minimum returns and rents this quarter increased $8.9 million, or approximately 12%, from the 2013 quarter.

Hospitality Properties Trust, Annual General Meeting, Jun 10, 2014

Hospitality Properties Trust, Annual General Meeting, Jun 10, 2014., at 09:30 US Eastern Standard Time. Location: Two Newton Place. Agenda: To elect the two trustee nominees identified in the accompanying proxy statement to the company's board; to approve an amendment to the company's Declaration of Trust to permit the annual election of all Trustees; to hold an advisory vote to approve executive compensation; to ratify the appointment of Ernst & Young LLP as independent auditors of the company to serve for the 2014 fiscal year; to vote on a shareholder proposal, if properly presented at the meeting; and to transact such other business as may properly come before the meeting and at any adjournments or postponements of the meeting.

 

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