Service Properties Trust (NASDAQ:SVC) Sets New 1-Year Low – Here’s Why

Service Properties Trust (NASDAQ:SVC)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $5.65 and last traded at $5.8050, with a volume of 623,105 shares changing hands. The stock had previously closed at $5.93.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Loop Capital set a $9.00 target price on Service Properties Trust in a report on Friday, October 2nd. LADENBURG THALM/SH SH started coverage on Service Properties Trust in a research note on Tuesday, June 30th. They set a “buy” rating and a $11.25 price target for the company. Weiss Ratings lowered shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. B. Riley Financial increased 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 note on Wednesday, June 17th. Finally, Zacks Research upgraded shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.05.

Service Properties Trust Price Performance

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 $757.63 million, a PE ratio of -0.76 and a beta of 1.72. The firm has a 50 day moving average price of $7.19 and a 200 day moving average price of $7.75.

Service Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s payout ratio is currently -2.60%.

Institutional Trading of Service Properties Trust

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

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.