Dividend

8.7%

Outperform - Price 31.16 on Jan. 15
by Morgan Keegan

HPT's distinguishing characteristic, stability of cash flow deriving from HPT leases structure and operating agreements, isn't reflected in the current stock price. HPT's...track record [includes] 18 dividend increases in 13 years since its 1995 [initial public offering], with no dividend reductions...[This] defensive [name] owns 292 hotels and 185 travel centers in 44 states, Puerto Rico and Canada, all operated by third parties. Major tenants include TravelCenters of America, Marriott International and Intercontinental Hotels. Market-cap: $2.9 billion.

Aging population, diversification

7.7% 18.01 1.41

Dvd Yield: 6.3%

This hotel REIT focuses on properties at the top end of the market. It pays a dividend of 7% and has a forward earnings Yield of 11% (average of this and next year's estimates). Earning estimates are trending up and stock price should follow.

Dividends-Growth

needed dirt in portfolio, good yield

DIVIDEND