Service Properties Trust (NASDAQ:SVC) Given Average Recommendation of “Hold” by Brokerages

Service Properties Trust (NASDAQ:SVC) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $12.8125.

A number of equities research analysts have issued reports on SVC shares. B. Riley Financial increased their target price on shares of Service Properties Trust from $10.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, June 17th. LADENBURG THALM/SH SH began coverage on shares of Service Properties Trust in a research note on Tuesday, June 30th. They issued a “buy” rating and a $11.25 price target for the company. Weiss Ratings raised Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th.

Service Properties Trust Stock Performance

Shares of Service Properties Trust stock opened at $6.62 on Thursday. The business’s fifty day simple moving average is $8.00 and its 200-day simple moving average is $8.30. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.11. The firm has a market cap of $857.36 million, a PE ratio of -0.86 and a beta of 1.66. Service Properties Trust has a 52 week low of $5.65 and a 52 week high of $15.05.

Service Properties Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were given a dividend of $0.05 per share. This is an increase from Service Properties Trust’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.20 annualized dividend and a dividend yield of 3.0%. Service Properties Trust’s dividend payout ratio is presently -2.60%.

Institutional Trading of Service Properties Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farringdon Capital Ltd. purchased a new stake in Service Properties Trust in the second quarter valued at approximately $37,000. Abel Hall LLC grew its position in shares of Service Properties Trust by 69.3% during the first quarter. Abel Hall LLC now owns 29,395 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 12,033 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in shares of Service Properties Trust during the first quarter worth approximately $44,000. Sequoia Financial Advisors LLC acquired a new position in shares of Service Properties Trust in the 2nd quarter valued at $66,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Service Properties Trust in the 2nd quarter valued at $71,000. 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 that owns a diversified portfolio of hotels and service-oriented properties. The company generally leases its properties to operating companies and generates rental income from those arrangements, while hotel operations are conducted by third-party managers and tenants.

SVC’s hotel portfolio has included properties operated under a range of well-known hospitality brands and serving business, leisure and extended-stay travelers.