Keefe, Bruyette & Woods Comments On Hospitality Properties Trust's Earnings

According to Keefe, Bruyette & Woods, Hospitality Properties Trust HPT released its 5/9 earnings. Keefe, Bruyette & Woods said that following HPT's 5/9 earnings release it is updating estimates for 1Q11 results and the 10-Q filing. “1Q results were modestly ahead of our expectations with upside driven by lower SG&A. We believe the $1.80 annual common dividend is sustainable, representing an attractive 7.4% yield. A slower expected draw down of non-cash security deposits is driving the higher FFO forecast.” Hospitality Properties Trust closed yesterday at $26.50.