Service Properties Trust (NASDAQ:SVC) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Service Properties Trust (NASDAQ:SVC) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.32 and traded as low as $1.57. Service Properties Trust shares last traded at $1.62, with a volume of 1,965,111 shares.

Analysts Set New Price Targets

SVC has been the subject of a number of recent research reports. Wells Fargo & Company upgraded Service Properties Trust to a “hold” rating in a research note on Friday, October 3rd. Zacks Research raised shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Service Properties Trust in a research report on Wednesday, October 8th. Finally, B. Riley reiterated a “neutral” rating and issued a $3.00 price objective (up from $2.00) on shares of Service Properties Trust in a research report on Thursday, September 25th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $2.75.

Service Properties Trust Stock Performance

The company has a market cap of $287.43 million, a P/E ratio of -1.02 and a beta of 1.86. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 5.79. The company has a 50 day moving average price of $2.30 and a 200-day moving average price of $2.45.

Service Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, October 27th were issued a $0.01 dividend. The ex-dividend date was Monday, October 27th. This represents a $0.04 annualized dividend and a dividend yield of 2.3%. Service Properties Trust’s dividend payout ratio is -2.40%.

Institutional Investors Weigh In On Service Properties Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Caxton Associates LLP acquired a new stake in Service Properties Trust in the 3rd quarter valued at about $33,000. BNP Paribas Financial Markets lifted 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 valued at $35,000 after purchasing an additional 5,099 shares during the last quarter. Savant Capital LLC bought a new stake in Service Properties Trust during the third quarter worth approximately $37,000. PNC Financial Services Group Inc. boosted its holdings 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, Quadrature Capital Ltd grew its position in Service Properties Trust by 45.3% in the second quarter. Quadrature Capital Ltd now owns 17,911 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 5,588 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Company Profile

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.