Service Properties Trust (NASDAQ:SVC) Receives Average Recommendation of “Hold” from Brokerages

Shares of Service Properties Trust (NASDAQ:SVC) have been assigned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $12.8125.

Several analysts have recently issued reports on the stock. LADENBURG THALM/SH SH began coverage on shares of Service Properties Trust in a research note on Tuesday, June 30th. They issued a “buy” rating and a $11.25 target price for the company. Zacks Research upgraded shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday. B. Riley Financial upped their price objective on shares of Service Properties Trust from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Wall Street Zen lowered shares of Service Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Odeon Capital Group initiated coverage on shares of Service Properties Trust in a research report on Friday, May 8th. They set a “buy” rating and a $17.50 target price on the stock.

Institutional Investors Weigh In On Service Properties Trust

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in shares of Service Properties Trust by 30.8% in the 1st quarter. AQR Capital Management LLC now owns 1,346,098 shares of the real estate investment trust’s stock worth $3,446,000 after buying an additional 317,218 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Service Properties Trust by 114.8% during the first quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust’s stock worth $10,749,000 after buying an additional 2,200,754 shares during the last quarter. Strs Ohio purchased a new stake in Service Properties Trust during the first quarter worth about $77,000. Cetera Investment Advisers raised its position in Service Properties Trust by 54.5% in the second quarter. Cetera Investment Advisers now owns 104,585 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 36,873 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Service Properties Trust by 15.1% in the second quarter. JPMorgan Chase & Co. now owns 955,257 shares of the real estate investment trust’s stock worth $2,283,000 after acquiring an additional 125,256 shares during the period. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC opened at $8.13 on Friday. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11. The stock’s fifty day simple moving average is $8.38 and its two-hundred day simple moving average is $8.83. Service Properties Trust has a 1-year low of $5.65 and a 1-year high of $15.05. The stock has a market cap of $1.05 billion, a PE ratio of -1.06 and a beta of 1.67.

Service Properties Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, July 20th. This is a positive change from Service Properties Trust’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.5%. Service Properties Trust’s dividend payout ratio (DPR) is -2.60%.

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.