Analysts Set Service Properties Trust (NASDAQ:SVC) PT at $12.81

Service Properties Trust (NASDAQ:SVC) has earned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $12.8125.

A number of equities analysts recently issued reports on the stock. B. Riley Financial upped their price target on shares of Service Properties Trust from $10.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. LADENBURG THALM/SH SH started coverage on Service Properties Trust in a report on Tuesday, June 30th. They issued 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. Weiss Ratings upgraded Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 29th. Finally, Odeon Capital Group initiated coverage on shares of Service Properties Trust in a research report on Friday, May 8th. They set a “buy” rating and a $17.50 price objective on the stock.

Institutional Trading of Service Properties Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in shares of Service Properties Trust during the second quarter valued at about $543,000. Public Employees Retirement System of Ohio bought a new position in Service Properties Trust during the second quarter valued at approximately $1,153,000. Farringdon Capital Ltd. bought a new position in Service Properties Trust during the second quarter valued at approximately $37,000. Bank of New York Mellon Corp purchased a new position in Service Properties Trust during the 2nd quarter valued at approximately $3,691,000. Finally, Bank of America Corp DE increased its stake in Service Properties Trust by 1.8% in the 1st quarter. Bank of America Corp DE now owns 2,338,854 shares of the real estate investment trust’s stock worth $3,169,000 after acquiring an additional 42,317 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Price Performance

Shares of SVC opened at $8.09 on Friday. The stock has a market cap of $1.05 billion, a PE ratio of -1.05 and a beta of 1.67. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.01 and a current ratio of 0.01. Service Properties Trust has a fifty-two week low of $5.65 and a fifty-two week high of $15.05. The firm’s 50-day simple moving average is $8.37 and its two-hundred day simple moving average is $8.77.

Service Properties Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.5%. This is a boost from Service Properties Trust’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, July 20th. Service Properties Trust’s payout ratio is presently -2.60%.

About Service Properties Trust

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.

Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.