Service Properties Trust (NASDAQ:SVC) Given New $9.00 Price Target at LADENBURG THALM/SH SH

Service Properties Trust (NASDAQ:SVC) had its price objective decreased by stock analysts at LADENBURG THALM/SH SH from $11.25 to $9.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH‘s price objective suggests a potential upside of 73.08% from the stock’s current price.

Several other analysts also recently issued reports on the company. Zacks Research upgraded Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Loop Capital set a $9.00 price objective on Service Properties Trust in a report on Friday, October 2nd. Wall Street Zen upgraded Service Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings downgraded Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.60.

Service Properties Trust Stock Performance

Shares of SVC stock opened at $5.20 on Friday. The firm has a 50 day moving average price of $6.53 and a two-hundred day moving average price of $8.25. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $675.01 million, a PE ratio of -0.74 and a beta of 1.78. Service Properties Trust has a 12-month low of $5.18 and a 12-month high of $12.15.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.39). Service Properties Trust had a negative return on equity of 69.76% and a negative net margin of 29.31%. The firm had revenue of $399.52 million for the quarter, compared to the consensus estimate of $318.62 million. As a group, analysts predict that Service Properties Trust will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Service Properties Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vise Technologies Inc. acquired a new stake in shares of Service Properties Trust during the 3rd quarter worth $74,000. Farringdon Capital Ltd. bought a new position in shares of Service Properties Trust in the second quarter worth $37,000. Sei Investments Co. raised its stake in Service Properties Trust by 17.6% in the first quarter. Sei Investments Co. now owns 148,593 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 22,267 shares in the last quarter. WINTON GROUP Ltd raised its stake in Service Properties Trust by 94.8% in 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. Finally, Sequoia Financial Advisors LLC acquired a new position in Service Properties Trust in the second quarter valued at about $66,000. 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 and invests in hospitality and service-oriented properties. The company’s portfolio has historically included hotels, extended-stay lodging properties and other real estate leased to businesses that provide essential or consumer-focused services.

Service Properties Trust generally leases its properties to hotel operators and other commercial tenants rather than managing most locations directly. Its hotel portfolio has included properties operated under a variety of well-known brands, while its service-focused properties have supported businesses such as healthcare, automotive and travel-related services.

The company’s properties are primarily located in the United States, with investments also having included select locations in Canada and Puerto Rico.