Service Properties Trust (NASDAQ:SVC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Service Properties Trust (NASDAQ:SVC) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

SVC has been the subject of a number of other reports. Zacks Research upgraded shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Loop Capital set a $9.00 price target on shares of Service Properties Trust in a report on Friday, October 2nd. Finally, Weiss Ratings downgraded Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.60.

Service Properties Trust Trading Down 1.0%

Shares of SVC opened at $5.15 on Friday. The business’s 50-day moving average price is $6.48 and its 200-day moving average price is $8.22. Service Properties Trust has a twelve month low of $5.13 and a twelve month high of $12.15. The stock has a market cap of $666.98 million, a PE ratio of 3.45 and a beta of 1.78. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.11.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.39). Service Properties Trust had a negative return on equity of 71.48% and a negative net margin of 29.31%. The firm had revenue of $399.52 million during the quarter, compared to analysts’ expectations of $318.62 million. On average, equities analysts forecast that Service Properties Trust will post 1.15 EPS for the current fiscal year.

Service Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, October 19th. This represents a $0.20 dividend on an annualized basis and a yield of 3.9%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.87%.

Institutional Investors Weigh In On Service Properties Trust

Several hedge funds have recently added to or reduced their stakes in the company. DBA Trading LLC bought a new position in shares of Service Properties Trust during the 3rd quarter valued at about $642,000. Vise Technologies Inc. bought a new stake in Service Properties Trust in the 3rd quarter worth approximately $74,000. Sequoia Financial Advisors LLC bought a new stake in Service Properties Trust in the 2nd quarter worth approximately $66,000. WINTON GROUP Ltd lifted its position in Service Properties Trust by 94.8% in the 2nd quarter. WINTON GROUP Ltd now owns 67,000 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 32,600 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Service Properties Trust in the 2nd quarter worth approximately $71,000. Institutional investors own 77.62% of the company’s stock.

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.