Loading...

Hospitality Properties Trust

Nasdaq:HPT
Snowflake Description

Undervalued with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HPT
Nasdaq
$4B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, the District of Columbia, Puerto Rico and Canada. The last earnings update was 14 days ago. More info.


Add to Portfolio Compare Print
HPT Share Price and Events
7 Day Returns
-1.1%
NasdaqGS:HPT
-0.3%
US REITs
-2.1%
US Market
1 Year Returns
-9.3%
NasdaqGS:HPT
13.8%
US REITs
1.3%
US Market
HPT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hospitality Properties Trust (HPT) -1.1% -1.3% -6.5% -9.3% 1.4% -10.4%
US REITs -0.3% 2.4% 3.2% 13.8% 11.3% 25.6%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • HPT underperformed the REITs industry which returned 13.8% over the past year.
  • HPT underperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
HPT
Industry
5yr Volatility vs Market

HPT Value

 Is Hospitality Properties Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hospitality Properties Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hospitality Properties Trust.

NasdaqGS:HPT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:HPT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (98.58%))
0.961
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.961 * 5.96%)
8.46%

Discounted Cash Flow Calculation for NasdaqGS:HPT using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Hospitality Properties Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Hospitality Properties Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NasdaqGS:HPT DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 8.46%)
2019 510.26 Analyst x2 470.47
2020 518.87 Analyst x2 441.11
2021 501.82 Analyst x1 393.35
2022 503.03 Est @ 0.24% 363.56
2023 508.00 Est @ 0.99% 338.53
2024 515.68 Est @ 1.51% 316.85
2025 525.35 Est @ 1.88% 297.62
2026 536.55 Est @ 2.13% 280.27
2027 548.96 Est @ 2.31% 264.39
2028 562.34 Est @ 2.44% 249.72
Present value of next 10 years cash flows $3,415.88
NasdaqGS:HPT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $562.34 × (1 + 2.73%) ÷ (8.46% – 2.73%)
$10,088.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $10,088.40 ÷ (1 + 8.46%)10
$4,479.97
NasdaqGS:HPT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,415.88 + $4,479.97
$7,895.85
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,895.85 / 164.44
$48.02
NasdaqGS:HPT Discount to Share Price
Calculation Result
Value per share (USD) From above. $48.02
Current discount Discount to share price of $26.00
= -1 x ($26.00 - $48.02) / $48.02
45.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hospitality Properties Trust is available for.
Intrinsic value
46%
Share price is $26 vs Future cash flow value of $48.02
Current Discount Checks
For Hospitality Properties Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hospitality Properties Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hospitality Properties Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hospitality Properties Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hospitality Properties Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:HPT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.02
NasdaqGS:HPT Share Price ** NasdaqGS (2019-05-24) in USD $26
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.62x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hospitality Properties Trust.

NasdaqGS:HPT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HPT Share Price ÷ EPS (both in USD)

= 26 ÷ 2.02

12.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hospitality Properties Trust is good value based on earnings compared to the US REITs industry average.
  • Hospitality Properties Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hospitality Properties Trust's expected growth come at a high price?
Raw Data
NasdaqGS:HPT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-30.3%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.39x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

NasdaqGS:HPT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.89x ÷ -30.3%

-0.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hospitality Properties Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hospitality Properties Trust's assets?
Raw Data
NasdaqGS:HPT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $16.64
NasdaqGS:HPT Share Price * NasdaqGS (2019-05-24) in USD $26
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqGS:HPT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HPT Share Price ÷ Book Value per Share (both in USD)

= 26 ÷ 16.64

1.56x

* Primary Listing of Hospitality Properties Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hospitality Properties Trust is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Hospitality Properties Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Hospitality Properties Trust has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HPT Future Performance

 How is Hospitality Properties Trust expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-30.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hospitality Properties Trust expected to grow at an attractive rate?
  • Hospitality Properties Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hospitality Properties Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Hospitality Properties Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:HPT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:HPT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -30.3%
NasdaqGS:HPT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1.2%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:HPT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:HPT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,373 208 1
2020-12-31 2,271 644 202 3
2019-12-31 2,258 652 375 3
NasdaqGS:HPT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,291 591 331
2018-12-31 2,295 597 186
2018-09-30 2,279 605 326
2018-06-30 2,253 616 295
2018-03-31 2,212 620 258
2017-12-31 2,172 628 204
2017-09-30 2,116 615 230
2017-06-30 2,082 592 191
2017-03-31 2,062 552 181
2016-12-31 2,047 607 202
2016-09-30 2,035 516 120
2016-06-30 2,004 510 129

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hospitality Properties Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hospitality Properties Trust's revenue is expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:HPT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Hospitality Properties Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HPT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 1.10 1.10 1.10 1.00
2019-12-31 2.09 2.09 2.09 1.00
NasdaqGS:HPT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.02
2018-12-31 1.13
2018-09-30 1.99
2018-06-30 1.80
2018-03-31 1.57
2017-12-31 1.24
2017-09-30 1.40
2017-06-30 1.18
2017-03-31 1.14
2016-12-31 1.30
2016-09-30 0.78
2016-06-30 0.85

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hospitality Properties Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hospitality Properties Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hospitality Properties Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HPT Past Performance

  How has Hospitality Properties Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hospitality Properties Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hospitality Properties Trust's year on year earnings growth rate has been positive over the past 5 years.
  • Hospitality Properties Trust's 1-year earnings growth exceeds its 5-year average (28.3% vs 14.9%)
  • Hospitality Properties Trust's earnings growth has exceeded the US REITs industry average in the past year (28.3% vs 16%).
Earnings and Revenue History
Hospitality Properties Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hospitality Properties Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HPT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,290.81 331.32 105.36
2018-12-31 2,294.54 185.73 104.86
2018-09-30 2,278.88 326.14 87.59
2018-06-30 2,253.31 294.77 87.56
2018-03-31 2,211.97 258.18 104.79
2017-12-31 2,171.94 203.82 125.40
2017-09-30 2,116.07 230.29 84.08
2017-06-30 2,082.00 191.21 108.41
2017-03-31 2,061.70 181.40 115.43
2016-12-31 2,047.21 202.45 99.11
2016-09-30 2,035.37 119.77 147.14
2016-06-30 2,003.74 129.14 129.24
2016-03-31 1,960.51 156.22 104.56
2015-12-31 1,921.90 145.75 109.84
2015-09-30 1,885.00 221.77 58.29
2015-06-30 1,832.75 209.78 55.26
2015-03-31 1,777.58 180.55 55.74
2014-12-31 1,736.32 176.52 45.90
2014-09-30 1,690.58 152.75 54.36
2014-06-30 1,643.22 125.46 50.66
2014-03-31 1,603.64 113.97 49.41
2013-12-31 1,563.86 100.99 50.09
2013-09-30 1,501.14 91.94 48.86
2013-06-30 1,419.05 104.68 46.10
2013-03-31 1,349.98 94.39 45.65
2012-12-31 1,296.98 103.79 44.03
2012-09-30 1,270.79 116.01 42.55
2012-06-30 1,259.32 126.59 43.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hospitality Properties Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hospitality Properties Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Hospitality Properties Trust's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Hospitality Properties Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hospitality Properties Trust has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HPT Health

 How is Hospitality Properties Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hospitality Properties Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hospitality Properties Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hospitality Properties Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hospitality Properties Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hospitality Properties Trust Company Filings, last reported 1 month ago.

NasdaqGS:HPT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,736.57 4,214.90 23.68
2018-12-31 2,597.43 4,172.59 25.97
2018-09-30 2,792.57 4,136.42 19.85
2018-06-30 2,760.67 4,113.25 16.55
2018-03-31 2,749.97 4,077.54 16.83
2017-12-31 2,755.42 4,001.05 24.14
2017-09-30 2,789.46 4,020.79 14.49
2017-06-30 2,780.20 3,839.03 49.67
2017-03-31 2,813.09 3,689.39 23.77
2016-12-31 3,129.39 3,163.81 10.90
2016-09-30 3,151.50 3,121.21 9.53
2016-06-30 2,794.51 3,501.37 20.35
2016-03-31 2,800.86 3,497.69 15.82
2015-12-31 2,812.08 3,274.67 13.68
2015-09-30 2,975.83 3,276.01 7.38
2015-06-30 3,009.64 3,140.54 18.40
2015-03-31 2,970.90 2,910.08 15.57
2014-12-31 2,990.15 2,838.61 11.83
2014-09-30 3,001.98 2,835.15 19.08
2014-06-30 3,024.78 2,794.01 15.52
2014-03-31 3,045.48 2,753.63 33.83
2013-12-31 3,086.86 2,704.01 22.50
2013-09-30 2,859.40 2,896.51 17.12
2013-06-30 3,076.29 2,793.00 200.74
2013-03-31 3,100.98 2,412.85 18.04
2012-12-31 2,733.80 2,722.36 20.05
2012-09-30 2,775.00 2,401.87 17.12
2012-06-30 2,943.91 2,196.31 24.77
  • Hospitality Properties Trust's level of debt (154%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (90.4% vs 154% today).
  • Debt is not well covered by operating cash flow (14%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Hospitality Properties Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hospitality Properties Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HPT Dividends

 What is Hospitality Properties Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.31%
Current annual income from Hospitality Properties Trust dividends. Estimated to be 8.18% next year.
If you bought $2,000 of Hospitality Properties Trust shares you are expected to receive $166 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hospitality Properties Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Hospitality Properties Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:HPT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:HPT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.12 2.00
2020-12-31 2.13 4.00
2019-12-31 2.13 4.00
NasdaqGS:HPT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-18 2.160 8.282
2019-01-18 2.120 7.961
2018-10-18 2.120 8.268
2018-07-19 2.120 7.477
2018-04-19 2.120 7.656
2018-01-19 2.080 8.012
2017-10-12 2.080 7.069
2017-07-12 2.080 7.390
2017-04-11 2.080 6.893
2017-01-13 2.040 6.495
2016-10-11 2.040 6.977
2016-07-12 2.040 6.718
2016-04-13 2.040 7.635
2016-01-11 2.000 8.218
2015-10-13 2.000 7.453
2015-07-13 2.000 7.402
2015-04-13 2.000 6.634
2015-01-12 1.960 6.074
2014-10-13 1.960 6.486
2014-07-10 1.960 6.835
2014-04-08 1.960 6.629
2014-01-03 1.920 7.128
2013-10-10 1.920 6.872
2013-07-10 1.880 6.715
2013-04-10 1.880 6.683
2013-01-10 1.880 7.165
2012-10-09 1.880 8.160
2012-07-09 1.800 7.456
2012-04-09 1.800 7.220
2012-01-11 1.800 7.143
2011-10-12 1.800 8.009
2011-07-01 1.800 7.867
2011-05-09 1.800 7.608
2011-01-14 1.800 7.574
2010-10-13 1.800 7.884
2010-07-15 1.800 8.594
2010-04-15 1.800 7.819
2009-12-07 1.800 7.789
2009-11-09 0.000 0.000
2009-08-06 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Hospitality Properties Trust has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hospitality Properties Trust only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Hospitality Properties Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (288.2x coverage).
X
Income/ dividend checks
We assess Hospitality Properties Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hospitality Properties Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hospitality Properties Trust has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HPT Management

 What is the CEO of Hospitality Properties Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Murray
COMPENSATION $920,439
AGE 57
TENURE AS CEO 1.3 years
CEO Bio

Mr. John G. Murray serves as President, CEO & Managing Trustee at Industrial Logistics Properties Trust since December 01, 2018. He has been Executive Vice President at RMR Group LLC since 2001. Mr. Murray has been Chief Executive Officer of Hospitality Properties Trust (HPT) since June 2018 and has been its President since 1996. He was Chief Operating Officer of Hospitality Properties Trust (HPT) since 1996 until June 2018 and was its Assistant Secretary since 2008. Mr. Murray serves as an Executive Vice President of Reit Management & Research LLC at Hospitality Properties Trust. He was Senior Vice President of RMR LLC from 1993 to 2001. Mr. Murray served as the President, Principal Executive Officer, Chief Operating Officer and Assistant Secretary of HPT SN Holding, Inc. He served as Secretary of Hospitality Properties Trust. Mr. Murray was Treasurer and Chief Financial Officer from the time completed initial public offering in 1995 until he became President in 1996. He served in various capacities for RMR and its affiliates for over five years. He has been Managing Trustee of Hospitality Properties Trust since April 12, 2018. Mr. Murray was the Chief Financial Officer and Treasurer of HPT from 1995 to 1996. He has served in various capacities with RMR LLC and its affiliates since 1993. From 2014 to 2017, he served as member of the board of directors of the American Hotel & Lodging Association Prior to joining RMR in 1993, Mr. Murray was employed at Fidelity Brokerage Services Inc. and Ernst & Young LLP. Mr. Murray is also a member of Marriott International's Owner Advisory Council and the Urban Land Institute’s (ULI) Hotel Development Council.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hospitality Properties Trust management team in years:

7.3
Average Tenure
48
Average Age
  • The average tenure for the Hospitality Properties Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Murray

TITLE
President
COMPENSATION
$920K
AGE
57
TENURE
1.3 yrs

Ethan Bornstein

TITLE
Senior Vice President
COMPENSATION
$249K
AGE
44
TENURE
20.3 yrs

Adam Portnoy

TITLE
Managing Trustee
COMPENSATION
$85K
AGE
48

Brian Donley

TITLE
CFO & Treasurer
AGE
43
TENURE
0.3 yrs

Katie Strohacker

TITLE
Senior Director

Jennifer Clark

TITLE
Secretary
AGE
56
TENURE
11.3 yrs

Vern Larkin

TITLE
Director of Internal Audit
AGE
48
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Hospitality Properties Trust board of directors in years:

3.7
Average Tenure
59
Average Age
  • The tenure for the Hospitality Properties Trust board of directors is about average.
Board of Directors

John Murray

TITLE
President
COMPENSATION
$920K
AGE
57
TENURE
1.1 yrs

Adam Portnoy

TITLE
Managing Trustee
COMPENSATION
$85K
AGE
48
TENURE
12.3 yrs

John Harrington

TITLE
Lead Independent Trustee
COMPENSATION
$174K
AGE
82
TENURE
3.7 yrs

Bill Lamkin

TITLE
Independent Trustee
COMPENSATION
$167K
AGE
59
TENURE
12.3 yrs

Donna Fraiche

TITLE
Independent Trustee
COMPENSATION
$163K
AGE
66
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Hospitality Properties Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hospitality Properties Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HPT News

Simply Wall St News

Hospitality Properties Trust (NASDAQ:HPT): What Does Its Beta Value Mean For Your Portfolio?

Anyone researching Hospitality Properties Trust (NASDAQ:HPT) might want to consider the historical volatility of the share price. … View our latest analysis for Hospitality Properties Trust What does HPT's beta value mean to investors? … What this means for you: Hospitality Properties Trust has a beta value quite close to that of the overall market.

Simply Wall St -

Is Hospitality Properties Trust's (NASDAQ:HPT) ROE Of 7.2% Impressive?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Hospitality Properties Trust (NASDAQ:HPT). … That means that for every $1 worth of shareholders' equity, it generated $0.071 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Could Hospitality Properties Trust (NASDAQ:HPT) Have The Makings Of Another Dividend Aristocrat?

Is Hospitality Properties Trust (NASDAQ:HPT) a good dividend stock? … With a nine-year payment history and a 8.0% yield, many investors probably find Hospitality Properties Trust intriguing. … There are a few simple ways to reduce the risks of buying Hospitality Properties Trust for its dividend, and we'll go through these below.

Simply Wall St -

Hospitality Properties Trust (NASDAQ:HPT): What Are The Future Prospects?

The most recent earnings release Hospitality Properties Trust's (NASDAQ:HPT) announced in December 2018a

Simply Wall St -

Investing In Hospitality Properties Trust (NASDAQ:HPT): What You Need To Know

Hospitality Properties Trust is a US$4.5b. … real estate investment trust (REIT) based in Newton, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.

Simply Wall St -

Looking At Hospitality Properties Trust (NASDAQ:HPT) From All Angles

Help shape the future of investing tools and you could win a $250 gift card! … Hospitality Properties Trust (NASDAQ:HPT) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

A Closer Look At Hospitality Properties Trust's (NASDAQ:HPT) Impressive ROE

This article is for those who would like to learn about Return On Equity (ROE). … Our data shows Hospitality Properties Trust has a return on equity of 12% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Now An Opportune Moment To Examine Hospitality Properties Trust (NASDAQ:HPT)?

Hospitality Properties Trust (NASDAQ:HPT), which is in the reits business, and is based in United States,. … A question to answer is whether Hospitality Properties Trust's current trading price of $23.67 reflective of the actual value of the? … Let’s take a look at Hospitality Properties Trust’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Why You Shouldn't Look At Hospitality Properties Trust's (NASDAQ:HPT) Bottom Line

Hospitality Properties Trust is a US$4.3b. … real estate investment trust (REIT) based in Newton, United States. … See our latest analysis for Hospitality Properties Trust

Simply Wall St -

What Kind Of Shareholder Owns Most Hospitality Properties Trust (NASDAQ:HPT) Stock?

If you want to know who really controls Hospitality Properties Trust (NASDAQ:HPT), then you'll have to look at the makeup of its share registry. … Hospitality Properties Trust has a market capitalization of US$4.3b, so it's too big to fly under the radar. … View our latest analysis for Hospitality Properties Trust

Simply Wall St -

HPT Company Info

Description

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, the District of Columbia, Puerto Rico and Canada. HPT’s properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

Details
Name: Hospitality Properties Trust
HPT
Exchange: NasdaqGS
Founded: 1995
$4,275,441,742
164,440,067
Website: http://www.hptreit.com
Address: Hospitality Properties Trust
Two Newton Place,
Suite 300,
Newton,
Massachusetts, 02458,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HPT Common Shares Nasdaq Global Select US USD 17. Aug 1995
DB HPO Common Shares Deutsche Boerse AG DE EUR 17. Aug 1995
Number of employees
Current staff
Staff numbers
0
Hospitality Properties Trust employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:39
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/18
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.