Service Properties Trust (NASDAQ:SVC) Stock Has Average Price Target of $12.05 According to Brokerages

Service Properties Trust (NASDAQ:SVC) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $12.05.

SVC has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 29th. LADENBURG THALM/SH SH initiated coverage on Service Properties Trust in a research note on Tuesday, June 30th. They set a “buy” rating and a $11.25 target price for the company. 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 report on Wednesday, June 17th. Loop Capital set a $9.00 price target on Service Properties Trust in a research note on Friday, October 2nd. Finally, Zacks Research raised Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SVC. Sequoia Financial Advisors LLC acquired a new stake in shares of Service Properties Trust in the 2nd quarter valued at approximately $66,000. WINTON GROUP Ltd grew its holdings in shares of Service Properties Trust by 94.8% during the 2nd quarter. WINTON GROUP Ltd now owns 67,000 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 32,600 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Service Properties Trust during the 2nd quarter worth approximately $71,000. Arizona State Retirement System acquired a new position in Service Properties Trust during the 2nd quarter worth approximately $279,000. Finally, Corient Private Wealth LP bought a new position in Service Properties Trust in the 2nd quarter valued at approximately $162,000. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC opened at $6.38 on Monday. The firm has a 50 day moving average of $7.37 and a 200-day moving average of $7.84. Service Properties Trust has a 12 month low of $5.65 and a 12 month high of $12.65. 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 has a market capitalization of $826.27 million, a PE ratio of -0.83 and a beta of 1.72.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hotels and service-oriented commercial properties. The company generally leases its properties to operating companies under long-term agreements, generating rental income from a diversified portfolio.

Service Properties Trust’s hotel portfolio includes properties operated under well-known brands and independent names, while its service-focused properties serve businesses such as travel centers, healthcare providers and other essential-service operators.