Service Properties Trust (NASDAQ:SVC) Stock Rating Cut to “Strong Sell” at Zacks Research

Service Properties Trust (NASDAQ:SVC) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other equities analysts have also commented on SVC. Wall Street Zen raised Service Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 7th. Loop Capital set a $9.00 price target on Service Properties Trust in a research note on Friday, October 2nd. Weiss Ratings downgraded shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Finally, Ladenburg Thalmann & Co. Inc. cut their price target on Service Properties Trust from $11.25 to $9.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Service Properties Trust presently has an average rating of “Hold” and a consensus target price of $11.60.

Service Properties Trust Stock Performance

NASDAQ SVC opened at $5.40 on Tuesday. The firm has a market cap of $700.97 million, a price-to-earnings ratio of 3.01 and a beta of 1.78. The company has a 50-day simple moving average of $6.38 and a two-hundred day simple moving average of $8.17. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.39. Service Properties Trust has a 12-month low of $4.99 and a 12-month high of $12.15.

Service Properties Trust (NASDAQ:SVC) last issued its earnings results on Wednesday, November 4th. The real estate investment trust reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.39). The firm had revenue of $399.52 million during the quarter, compared to analysts’ expectations of $318.62 million. Service Properties Trust had a negative return on equity of 69.76% and a negative net margin of 29.31%. On average, equities analysts forecast that Service Properties Trust will post 1.17 EPS for the current year.

Institutional Trading of Service Properties Trust

A number of hedge funds have recently added to or reduced their stakes in SVC. DBA Trading LLC bought a new stake in Service Properties Trust during the third quarter valued at about $642,000. Vise Technologies Inc. acquired a new position in Service Properties Trust in the 3rd quarter worth approximately $74,000. Sequoia Financial Advisors LLC acquired a new position in Service Properties Trust during the second quarter valued at $66,000. WINTON GROUP Ltd boosted its stake in shares of Service Properties Trust by 94.8% in the second quarter. WINTON GROUP Ltd now owns 67,000 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 32,600 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Service Properties Trust in the 2nd quarter worth approximately $71,000. 77.62% of the stock is owned by hedge funds and other institutional investors.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust that owns hotels and service-focused retail properties. Its hotel portfolio includes lodging properties operated by third-party management companies and affiliated with a range of hotel brands. Its retail properties are generally leased to businesses that provide services to travelers and local customers. The trust’s properties are located primarily in the United States. Service Properties Trust was formerly known as Hospitality Properties Trust, reflecting its earlier focus on hotels, before adopting its current name as its portfolio expanded to include service-focused retail real estate.