Service Properties Trust (NASDAQ:SVC) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Service Properties Trust (NASDAQ:SVC) from a hold rating to a strong sell rating in a research report report published on Tuesday,Zacks reports.

A number of other analysts have also weighed in on the company. Weiss Ratings lowered Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Loop Capital set a $9.00 price target on shares of Service Properties Trust in a research report on Friday, October 2nd. Ladenburg Thalmann & Co. Inc. decreased their price objective on shares of Service Properties Trust from $11.25 to $9.00 and set a “buy” rating on the stock in a report on Friday, November 6th. Finally, Wall Street Zen upgraded shares of Service Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 7th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Service Properties Trust presently has a consensus rating of “Hold” and an average target price of $11.60.

Service Properties Trust Stock Down 1.3%

SVC opened at $5.40 on Tuesday. The company has a market capitalization of $700.97 million, a P/E ratio of -0.77 and a beta of 1.78. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.02 and a quick ratio of 0.02. The firm’s fifty day moving average price is $6.38 and its two-hundred day moving average price is $8.17. Service Properties Trust has a fifty-two week low of $4.99 and a fifty-two week high of $12.15.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.39). The company had revenue of $399.52 million during the quarter, compared to analyst estimates of $318.62 million. Service Properties Trust had a negative net margin of 29.31% and a negative return on equity of 69.76%. On average, analysts anticipate that Service Properties Trust will post 1.17 EPS for the current year.

Service Properties Trust Announces Dividend

The company also recently disclosed 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 3.7%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s payout ratio is currently -2.87%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Farringdon Capital Ltd. acquired a new stake in shares of Service Properties Trust during the 2nd quarter worth approximately $37,000. Sequoia Financial Advisors LLC acquired a new position in Service Properties Trust in the second quarter valued at approximately $66,000. Squarepoint Ops LLC acquired a new position in Service Properties Trust in the second quarter valued at approximately $71,000. Vise Technologies Inc. bought a new position in Service Properties Trust in the third quarter valued at approximately $74,000. Finally, SummitTX Capital L.P. bought a new position in Service Properties Trust in the first quarter valued at approximately $88,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust that owns hotels and service-focused retail properties. Its hotel portfolio includes lodging properties operated by third-party management companies and affiliated with a range of hotel brands. Its retail properties are generally leased to businesses that provide services to travelers and local customers. The trust’s properties are located primarily in the United States. Service Properties Trust was formerly known as Hospitality Properties Trust, reflecting its earlier focus on hotels, before adopting its current name as its portfolio expanded to include service-focused retail real estate.