Zacks Investment Research Upgrades Hospitality Properties Trust (NASDAQ:SVC) to Hold

Hospitality Properties Trust (NASDAQ:SVC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Service Properties Trust is a real estate investment trust which buys, owns and leases hotels primarily in United States. Service Properties Trust, formerly known as Hospitality Properties Trust, is based in MA, United States. “

A number of other research firms have also weighed in on SVC. BidaskClub upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 25th. ValuEngine upgraded Hospitality Properties Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.33.

Shares of SVC stock traded up $0.02 during trading hours on Friday, reaching $23.63. The company had a trading volume of 29,533 shares, compared to its average volume of 711,366. Hospitality Properties Trust has a 12 month low of $22.47 and a 12 month high of $28.00. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.23 and a quick ratio of 0.18. The business has a fifty day simple moving average of $25.11 and a 200-day simple moving average of $25.01. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 6.40 and a beta of 0.94.

Hospitality Properties Trust (NASDAQ:SVC) last posted its earnings results on Friday, November 8th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.72). Hospitality Properties Trust had a negative net margin of 12.50% and a negative return on equity of 10.78%. The company had revenue of $599.80 million during the quarter, compared to the consensus estimate of $587.35 million. During the same quarter in the prior year, the business earned $1.06 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts expect that Hospitality Properties Trust will post 3.68 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of SVC. Clean Yield Group purchased a new stake in shares of Hospitality Properties Trust during the second quarter valued at approximately $25,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Hospitality Properties Trust during the third quarter valued at approximately $30,000. Huntington National Bank purchased a new stake in shares of Hospitality Properties Trust during the third quarter valued at approximately $33,000. Trust Co. of Vermont purchased a new stake in shares of Hospitality Properties Trust during the third quarter valued at approximately $39,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Hospitality Properties Trust during the third quarter valued at approximately $41,000. 74.69% of the stock is owned by institutional investors.

Hospitality Properties Trust Company Profile

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, the District of Columbia, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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