Keefe, Bruyette & Woods Downgrades Hospitality Properties Trust (HPT) to Market Perform; Risk/Reward Balanced

Keefe, Bruyette & Woods downgraded Hospitality Properties Trust (NYSE: HPT) to Market Perform with a price target lowered from $24.50 to $23.00.

KBW analyst says, "Shares have outperformed most lodging names YTD, but we view significant multiple expansion as unlikely in the near term, given elevated spending requirements and potential capital raises. With a current yield of 8%, we continue to view shares as attractive from a yield perspective."

For an analyst ratings summary and ratings history on Hospitality Properties Trust click here. For more ratings news on Hospitality Properties Trust click here.

Shares of Hospitality Properties Trust closed at $21.95 yesterday.

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