Service Properties Trust (NASDAQ:SVC) Price Target Cut to $2.00 by Analysts at Wells Fargo & Company

Service Properties Trust (NASDAQ:SVC) had its target price lowered by equities researchers at Wells Fargo & Company from $2.50 to $2.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 6.32% from the stock’s current price.

Other analysts also recently issued reports about the company. B. Riley reissued a “neutral” rating and issued a $3.00 target price (up from $2.00) on shares of Service Properties Trust in a report on Thursday, September 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Service Properties Trust in a report on Wednesday, October 8th. Finally, Zacks Research raised Service Properties Trust from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Service Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $2.50.

Service Properties Trust Trading Up 0.2%

Shares of SVC stock traded up $0.01 on Thursday, hitting $2.14. The stock had a trading volume of 227,965 shares, compared to its average volume of 1,341,404. The company’s 50 day moving average price is $1.86 and its 200-day moving average price is $2.32. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $358.87 million, a P/E ratio of -1.28 and a beta of 1.47. Service Properties Trust has a 1 year low of $1.55 and a 1 year high of $3.08.

Institutional Trading of Service Properties Trust

Large investors have recently added to or reduced their stakes in the stock. Caxton Associates LLP acquired a new stake in shares of Service Properties Trust in the third quarter valued at about $33,000. BNP Paribas Financial Markets grew its position in Service Properties Trust by 54.4% in 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 acquiring an additional 5,099 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Service Properties Trust during the third quarter worth $37,000. Quadrature Capital Ltd boosted its stake in shares of 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 valued at $43,000 after purchasing an additional 5,588 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Service Properties Trust in the fourth quarter valued at $45,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.

Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.