Service Properties Trust (NASDAQ:SVC) Sees Strong Trading Volume – Here’s What Happened

Service Properties Trust (NASDAQ:SVC) saw unusually-high trading volume on Monday. 1,402,336 shares changed hands during trading, a decline of 13% from the previous session’s volume of 1,614,467 shares. The stock last traded at $6.5850 and had previously closed at $7.15.

Wall Street Analysts Forecast Growth

SVC has been the topic of several recent analyst reports. Loop Capital set a $9.00 target price on Service Properties Trust in a research note on Friday, October 2nd. Zacks Research raised Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. B. Riley Financial raised their price target on Service Properties Trust from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Weiss Ratings cut shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Finally, LADENBURG THALM/SH SH started coverage on Service Properties Trust in a research note on Tuesday, June 30th. They issued a “buy” rating and a $11.25 target price on the stock. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Service Properties Trust currently has a consensus rating of “Hold” and an average target price of $12.05.

Service Properties Trust Price Performance

The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.01 and a current ratio of 0.01. The stock’s 50 day simple moving average is $7.23 and its 200-day simple moving average is $7.77. The firm has a market cap of $767.99 million, a price-to-earnings ratio of 2.39 and a beta of 1.72.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors 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 dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s dividend payout ratio (DPR) is -2.60%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Service Properties Trust during the 2nd quarter worth approximately $66,000. WINTON GROUP Ltd increased its position 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 worth $113,000 after purchasing an additional 32,600 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Service Properties Trust in the 2nd quarter valued at about $71,000. Arizona State Retirement System acquired a new stake in Service Properties Trust during the second quarter worth $279,000. Finally, Corient Private Wealth LP purchased a new position in shares of Service Properties Trust during the 2nd quarter worth $162,000. 77.62% of the stock is 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 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.