Service Properties Trust (NASDAQ:SVC) Stock Gets Price Target Cut from LADENBURG THALM/SH SH

Service Properties Trust (NASDAQ:SVC) had its price objective lowered by LADENBURG THALM/SH SH from $11.25 to $9.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also issued reports 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. Loop Capital set a $9.00 price objective on Service Properties Trust in a report on Friday, October 2nd. Weiss Ratings cut Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen upgraded Service Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Service Properties Trust currently has an average rating of “Hold” and an average target price of $11.60.

Service Properties Trust Price Performance

NASDAQ:SVC opened at $5.20 on Friday. The company’s 50-day simple moving average is $6.53 and its 200-day simple moving average is $8.25. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.02 and a current ratio of 0.02. Service Properties Trust has a fifty-two week low of $5.18 and a fifty-two week high of $12.15. The stock has a market capitalization of $675.01 million, a P/E ratio of -0.74 and a beta of 1.78.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data 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). Service Properties Trust had a negative return on equity of 69.76% and a negative net margin of 29.31%. The firm had revenue of $399.52 million for the quarter, compared to the consensus estimate of $318.62 million. On average, equities analysts anticipate that Service Properties Trust will post 1.15 earnings per share for the current fiscal year.

Service Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, October 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.8%. Service Properties Trust’s payout ratio is -2.87%.

Hedge Funds Weigh In On Service Properties Trust

Hedge funds have recently made changes to their positions in the company. DBA Trading LLC purchased a new stake in Service Properties Trust during the 3rd quarter valued at about $642,000. Vise Technologies Inc. purchased a new position in shares of Service Properties Trust in the third quarter worth about $74,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Service Properties Trust during the second quarter worth about $66,000. WINTON GROUP Ltd lifted its holdings in shares of Service Properties Trust by 94.8% during the second quarter. WINTON GROUP Ltd now owns 67,000 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 32,600 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in Service Properties Trust in the second quarter valued at approximately $71,000. 77.62% of the stock is owned by institutional investors and hedge funds.

About Service Properties Trust

Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hospitality and service-oriented properties. The company’s portfolio has historically included hotels, extended-stay lodging properties and other real estate leased to businesses that provide essential or consumer-focused services.

Service Properties Trust generally leases its properties to hotel operators and other commercial tenants rather than managing most locations directly. Its hotel portfolio has included properties operated under a variety of well-known brands, while its service-focused properties have supported businesses such as healthcare, automotive and travel-related services.

The company’s properties are primarily located in the United States, with investments also having included select locations in Canada and Puerto Rico.