Hospitality Properties Beats Estimates (HPT)

Newton, Massachussetts based real estate investment trust Hospitality Properties Trust Co. HPT announced on Monday morning that it beat consensus Wall Street estimates. Hospitality Properties Trust Co. reported that its 3rd quarter funds from operations, or FFO, rose to $101.1 million, or 82 cents per share, up from $91.1 million, or 77 cents per share, a year earlier. Revenue rose to $281.19 million, up from $264.42 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 81 cents per share, on revenue of $279.67 million. Hospitality Properties Trust Co. (HPT) closed the previous trading day at $24.08 per share. Analysts covering the company's stock give it a consensus price target of $25.00 per share. Read more from Benzinga's Company news.