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

Service Properties Trust (NASDAQ:SVC) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, B. Riley began coverage on Service Properties Trust in a research report on Tuesday, April 22nd. They set a “neutral” rating and a $2.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.00.

Service Properties Trust Stock Down 0.8%

NASDAQ:SVC opened at $2.63 on Tuesday. Service Properties Trust has a one year low of $1.71 and a one year high of $5.00. The company has a debt-to-equity ratio of 5.79, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market cap of $438.84 million, a PE ratio of -1.57 and a beta of 1.91. The firm’s 50 day simple moving average is $2.60 and its 200 day simple moving average is $2.44.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $503.44 million during the quarter, compared to analysts’ expectations of $497.53 million. Service Properties Trust had a negative net margin of 14.73% and a negative return on equity of 34.61%.

Institutional Investors Weigh In On Service Properties Trust

Large investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in Service Properties Trust by 7.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,127,210 shares of the real estate investment trust’s stock valued at $21,212,000 after purchasing an additional 572,954 shares in the last quarter. Nantahala Capital Management LLC acquired a new stake in shares of Service Properties Trust in the 4th quarter valued at about $20,553,000. Capital Management Corp VA grew its stake in shares of Service Properties Trust by 27.5% in the 2nd quarter. Capital Management Corp VA now owns 7,225,765 shares of the real estate investment trust’s stock valued at $17,270,000 after buying an additional 1,559,600 shares during the period. Goldman Sachs Group Inc. increased its position in Service Properties Trust by 114.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust’s stock valued at $10,749,000 after buying an additional 2,200,754 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in Service Properties Trust during the 4th quarter worth approximately $6,900,000. 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 with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.