Nov. 3, 2014, 5:30 PM
- AER, AFSI, AKS, ALLT, ARCC, ARCO, ARRY, ATRO, AYR, BABA, BDX, BKW, BLMN, CCG, CIE, CLDT, CONE, CVS, DISCA, DISH, DWRE, DX, EL, EMR, ENBL, EOG, ETR, EXH, EXLP, EXPD, FE, GDP, GLT, HCLP, HCN, HCP, HEP, HMSY, HPT, HSNI, HW, ICE, IFF, IMN, IP, IPXL, IRC, IRWD, KORS, LINC, LINE, LNCE, MFA, MSI, MWW, NCT, NGLS, NNN, NTI, NWN, ODP, OZM, PCLN, PPL, RBA, REGN, RESI, RGS, RHP, RIGL, RRGB, SC, SGNT, SRE, TESO, TGH, TICC, TIME, TLM, TRP, VLO, VMC, VSI, WLK, WNR, WRES, ZBRA, ZTS
Oct. 20, 2014, 10:01 AM
- Stifel steps into the Ebola-related downdraft in the lodging sector, upgrading the largest (by market cap) such REIT, Hospitality Property Trust (HPT +2.1%) to Buy with $30 price target.
- Other names: Ashford (AHT +1.2%), Strategic Hotels (BEE +0.8%), Sunstone Hotel (SHO +1.1%), LaSalle Hotel (LHO +0.6%), Chesapeake Lodging (CHSP +0.6%), Summit Hotel (INN +1.2%), Pebblebrook Hotel (PEB +0.7%).
Oct. 13, 2014, 4:04 PM| Comment!
Aug. 11, 2014, 8:10 AM
- Q2 normalized FFO of $129.7M or $0.87 per share vs. $109M and $0.78 one year ago. Dividend of $0.49
- Comparable RevPAR growth of 8.5% to $89.21. Comp RevPAR growth excluding hotels under renovation of 11.2% to $89.92. ADR up 6.2% to $112.12; occupancy up 360 basis points to 80.2%.
- Conference call at 1 ET
- Previously: Hospitality Properties beats by $0.02, beats on revenue
- HPT flat premarket
Aug. 11, 2014, 8:02 AM| Comment!
Aug. 10, 2014, 5:30 PM
Jul. 10, 2014, 11:25 AM| Comment!
May 6, 2014, 9:38 AM
- Normalized FFO per share of $0.75 (up from $0.74 a year ago)
- Adjusted EBITDA of $154,951 (up 12.7%)
- Comparable RevPAR of $77.85 (10.1%)
- Coverage of minimum returns and rents of 0.74x (0.70x)
- CC at 1 ET
- Source: Press Release
- Previously: Hospitality Properties Trust FFO beats by $0.05, beats on revenue
- HPT +0.5%
May 6, 2014, 8:08 AM| Comment!
May 5, 2014, 5:30 PM
- ACM, ACOR, AER, AKRX, AME, ARCC, ARCO, ARW, BCE, BCS, CBOE, CNK, COCO, CRTO, CRZO, CYNO, DISCA, DNR, DTV, DWRE, EMR, EXH, EXLP, FE, GDP, GLDD, HCP, HFC, HPT, HSH, HSIC, HTH, IFF, ISIS, KWK, MMP, MNTA, MONT, MOS, MPW, MSO, MVIS, MWIV, NRG, [[NTi]], NUS, ODP, OXF, PDCE, PQ, PRIM, RDC, RHP, RTI, RTRX, STWD, TDG, TGH, TPH, TW, UBS, VMC, VSH, VTG, WCG, WNR, XRAY, ZBRA, ZTS.
Apr. 8, 2014, 4:18 PM| Comment!
Mar. 19, 2014, 12:35 PM
- A check of other REITs externally managed by the Portnoys' Reit Management & Research - and thus possibly activist targets - finds no noticeable reaction to the dissident shareholder victory which likely means the removal of the entire CommonWealth board.
- Hospitality Properties Trust (HPT -1.7%), Senior Housing Properties (SNH), Government Properties Income Trust (GOV -0.4%), Select Income REIT (SIR -0.8%), RMR Real Estate Income Fund (RIF +0.1%). Other companies (not REITs managed by RMR): Five Star Quality Care (FVE -0.3%), TravelCenters of America (TA -1.2%).
Mar. 11, 2014, 7:27 AM
- Analyst Jeffrey Donnelly notes five points: 1) a well-covered 7.25% dividend yield with moderate growth expected 2) nearing completion of a multi-year renovation program 3) the pace of portfolios crossing over the 1x rent coverage threshold 4) improvements in corporate governance of late 5) ability to display independence should it decide to terminate the Sonesta management contract.
- HPT no trades premarket
Feb. 26, 2014, 8:57 AM
- "For a long time nobody thought a REIT could be successfully attacked, so nobody bothered," says Darren Novak, whose firm advises companies and activist investors. "If CommonWealth (CWH) falls, that perception will change."
- Activist battles and hostile takeovers in REITs are rare, write the WSJ's Robbie Whelan and Liz Hoffman, partly because of tax rules and corporate charters preventing any one investor from owning more than roughly 10% of a company's shares. Plus, REITs typically have hefty dividends, robbing activists of a typical complaint of not enough cash being returned to shareholders. Add to that the fact that REITs usually trade near book value, making it hard to argue about unlocking hidden value.
- If Corvex and Related are successful in tossing out CommonWealth REITs board and management, who might be the next target? Quickly coming to mind are Senior Housing Properties Trust (SNH), Government Property Trust (GOV), Select Income REIT (SIR), and Hospitality Properties Trust (HPT) - all also managed by the Portnoy's RMR.
- See also: Phil Goldstein's Bulldog Investors successfully pushes for faster buybacks at Javelin Mortgage.
Feb. 25, 2014, 8:05 AM| Comment!
Feb. 25, 2014, 12:05 AM
HPT vs. ETF Alternatives
Hospitality Properties Trust is a real estate investment trust. The Company invests in real estate used in hospitality industries including hotels and travel centers. Its properties are located in the United States, Canada and Puerto Rico.
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