Service Properties Trust (NASDAQ:SVC) Earns Sell (D-) Rating from Weiss Ratings

Service Properties Trust (NASDAQ:SVC)‘s stock had its “sell (d-)” rating reissued by analysts at Weiss Ratings in a report released on Saturday,Weiss Ratings reports.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of Service Properties Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. Wells Fargo & Company raised shares of Service Properties Trust to a “hold” rating in a research report on Friday, October 3rd. Finally, B. Riley restated a “neutral” rating and issued a $3.00 price target (up from $2.00) on shares of Service Properties Trust in a research note on Thursday, September 25th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $2.75.

Service Properties Trust Price Performance

Shares of SVC opened at $2.37 on Friday. The firm has a market capitalization of $395.46 million, a PE ratio of -1.42 and a beta of 1.88. The company’s 50-day moving average is $2.63 and its 200-day moving average is $2.44. Service Properties Trust has a fifty-two week low of $1.71 and a fifty-two week high of $3.78. The company has a debt-to-equity ratio of 5.79, a current ratio of 0.04 and a quick ratio of 0.04.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $503.44 million for the quarter, compared to analyst estimates of $497.53 million. Service Properties Trust had a negative net margin of 14.73% and a negative return on equity of 34.61%.

Institutional Investors Weigh In On Service Properties Trust

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in Service Properties Trust during the first quarter worth about $29,000. Signaturefd LLC grew its stake in Service Properties Trust by 3,016.3% during the first quarter. Signaturefd LLC now owns 11,873 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 11,492 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Service Properties Trust by 54.4% during the second quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 5,099 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Service Properties Trust by 160.2% during the first quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 9,562 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Service Properties Trust during the first quarter worth about $43,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.

About Service Properties Trust

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.