Service Properties Trust (NASDAQ:SVC) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Service Properties Trust (NASDAQ:SVC) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.35 and traded as low as $7.58. Service Properties Trust shares last traded at $7.64, with a volume of 1,262,960 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SVC. Zacks Research raised shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 29th. Odeon Capital Group started coverage on Service Properties Trust in a report on Friday, May 8th. They set a “buy” rating and a $17.50 price target on the stock. LADENBURG THALM/SH SH initiated coverage on Service Properties Trust in a report on Tuesday, June 30th. They issued a “buy” rating and a $11.25 price objective for the company. Finally, B. Riley Financial raised their target price on Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Service Properties Trust has an average rating of “Hold” and an average target price of $12.81.

Service Properties Trust Stock Performance

The firm’s fifty day moving average is $8.34 and its 200 day moving average is $8.67. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -1.02 and a beta of 1.67. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.01 and a quick ratio of 0.01.

Service Properties Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.5%. This is a boost from Service Properties Trust’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, July 20th. Service Properties Trust’s dividend payout ratio is -2.60%.

Hedge Funds Weigh In On Service Properties Trust

A number of institutional investors have recently made changes to their positions in the business. Abel Hall LLC bought a new stake in Service Properties Trust in the 4th quarter valued at $32,000. Caxton Associates LLP acquired a new position in Service Properties Trust in the third quarter worth 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 worth $35,000 after purchasing an additional 5,099 shares during the period. Farringdon Capital Ltd. bought a new position in Service Properties Trust during the second quarter worth about $37,000. Finally, AdvisorShares Investments LLC acquired a new stake in Service Properties Trust during the first quarter valued at approximately $44,000. 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 (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.