Service Properties Trust (NASDAQ:SVC) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Service Properties Trust (NASDAQ:SVC) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $12.05.

Several analysts have recently commented on the stock. Zacks Research raised shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Weiss Ratings lowered shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. Loop Capital set a $9.00 price target on shares of Service Properties Trust in a research note on Friday, October 2nd. LADENBURG THALM/SH SH initiated coverage on shares of Service Properties Trust in a report on Tuesday, June 30th. They set a “buy” rating and a $11.25 price objective on the stock. Finally, B. Riley Financial increased their price objective on shares of Service Properties Trust from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, June 17th.

Service Properties Trust Stock Up 15.0%

Shares of SVC opened at $7.15 on Monday. The company has a market capitalization of $926.00 million, a PE ratio of -0.93 and a beta of 1.72. The stock’s 50-day moving average price is $7.31 and its two-hundred day moving average price is $7.82. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11. Service Properties Trust has a 12 month low of $5.65 and a 12 month high of $12.15.

Service Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, October 19th. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SVC. Bank of New York Mellon Corp purchased a new stake in shares of Service Properties Trust in the second quarter worth $3,691,000. Yorkville Advisors Global LP purchased a new position in Service Properties Trust during the first quarter worth about $28,333,000. Headlands Technologies LLC bought a new position in Service Properties Trust in the 2nd quarter worth about $543,000. Public Employees Retirement System of Ohio bought a new position in Service Properties Trust in the 2nd quarter worth about $1,153,000. Finally, Arizona State Retirement System purchased a new stake in shares of Service Properties Trust in the 2nd quarter valued at about $279,000. 77.62% of the stock is currently 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 and invests in hotels and service-oriented commercial properties. The company generally leases its properties to operating companies under long-term agreements, generating rental income from a diversified portfolio.

Service Properties Trust’s hotel portfolio includes properties operated under well-known brands and independent names, while its service-focused properties serve businesses such as travel centers, healthcare providers and other essential-service operators.