Service Properties Trust (NASDAQ:SVC) Stock Has Average Price Target of $12.05 According to Analysts

Service Properties Trust (NASDAQ:SVC) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.05.

Several analysts recently issued reports on SVC shares. Loop Capital set a $9.00 price target on shares of Service Properties Trust in a report on Friday, October 2nd. LADENBURG THALM/SH SH began coverage on shares of Service Properties Trust in a report on Tuesday, June 30th. They set a “buy” rating and a $11.25 price objective for the company. Zacks Research raised shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. B. Riley Financial boosted their target price on shares of Service Properties Trust from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, Weiss Ratings downgraded shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday.

Service Properties Trust Stock Performance

Service Properties Trust stock opened at $7.15 on Monday. Service Properties Trust has a 52 week low of $5.65 and a 52 week high of $12.15. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11. The stock has a market cap of $925.99 million, a P/E ratio of -0.93 and a beta of 1.72. The stock has a 50 day moving average of $7.31 and a 200-day moving average of $7.81.

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, October 19th. This represents a $0.20 annualized dividend and a dividend yield of 2.8%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.60%.

Institutional Trading of Service Properties Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farringdon Capital Ltd. bought a new stake in shares of Service Properties Trust in the 2nd quarter valued at approximately $37,000. Abel Hall LLC raised its position in shares of Service Properties Trust by 69.3% during the 1st quarter. Abel Hall LLC now owns 29,395 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 12,033 shares in the last quarter. AdvisorShares Investments LLC bought a new position in Service Properties Trust during the first quarter worth $44,000. Sequoia Financial Advisors LLC bought a new position in Service Properties Trust during the second quarter worth $66,000. Finally, Squarepoint Ops LLC bought a new position in Service Properties Trust during the second quarter worth $71,000. 77.62% of the stock is owned by institutional investors.

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.