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

Service Properties Trust (NASDAQ:SVC) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

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

Service Properties Trust Stock Down 1.3%

SVC opened at $5.40 on Tuesday. The stock has a market cap of $700.97 million, a PE ratio of -0.77 and a beta of 1.78. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 2.39. Service Properties Trust has a 52 week low of $4.99 and a 52 week high of $12.15. The business’s fifty day simple moving average is $6.38 and its 200 day simple moving average is $8.17.

Service Properties Trust (NASDAQ:SVC) last released its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.39). Service Properties Trust had a negative net margin of 29.31% and a negative return on equity of 69.76%. The firm had revenue of $399.52 million for the quarter, compared to analysts’ expectations of $318.62 million. As a group, research analysts expect that Service Properties Trust will post 1.17 earnings per share for the current fiscal year.

Institutional Trading of Service Properties Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SVC. Farringdon Capital Ltd. purchased a new stake in Service Properties Trust in the second quarter worth about $37,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Service Properties Trust in the second quarter worth $66,000. Squarepoint Ops LLC bought a new position in shares of Service Properties Trust during the second quarter valued at $71,000. Vise Technologies Inc. bought a new position in shares of Service Properties Trust during the third quarter valued at $74,000. Finally, SummitTX Capital L.P. bought a new position in shares of Service Properties Trust during the first quarter valued at $88,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

About Service Properties Trust

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.