Service Properties Trust (NASDAQ:SVC) Given New $9.00 Price Target at LADENBURG THALM/SH SH

Service Properties Trust (NASDAQ:SVC) had its price objective reduced by research analysts at LADENBURG THALM/SH SH from $11.25 to $9.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH‘s price target suggests a potential upside of 73.08% from the company’s current price.

Several other equities analysts have also recently weighed in on SVC. Wall Street Zen upgraded Service Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research raised Service Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Loop Capital set a $9.00 price target on Service Properties Trust in a research note on Friday, October 2nd. Finally, Weiss Ratings downgraded Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Service Properties Trust has an average rating of “Hold” and an average target price of $11.60.

Service Properties Trust Stock Performance

SVC opened at $5.20 on Friday. The company has a fifty day moving average of $6.53 and a 200-day moving average of $8.25. Service Properties Trust has a twelve month low of $5.18 and a twelve month high of $12.15. The stock has a market cap of $675.01 million, a PE ratio of -0.74 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 (NASDAQ:SVC) last issued its 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). The business had revenue of $399.52 million during the quarter, compared to the consensus estimate of $318.62 million. Service Properties Trust had a negative return on equity of 69.76% and a negative net margin of 29.31%. On average, sell-side analysts predict that Service Properties Trust will post 1.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SVC. DBA Trading LLC purchased a new position in Service Properties Trust in the 3rd quarter valued at approximately $642,000. Vise Technologies Inc. purchased a new stake in shares of Service Properties Trust during the third quarter worth $74,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Service Properties Trust during the second quarter worth $66,000. WINTON GROUP Ltd lifted its position in shares of 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 acquiring an additional 32,600 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Service Properties Trust in 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 hospitality and service-oriented properties. The company’s portfolio has historically included hotels, extended-stay lodging properties and other real estate leased to businesses that provide essential or consumer-focused services.

Service Properties Trust generally leases its properties to hotel operators and other commercial tenants rather than managing most locations directly. Its hotel portfolio has included properties operated under a variety of well-known brands, while its service-focused properties have supported businesses such as healthcare, automotive and travel-related services.

The company’s properties are primarily located in the United States, with investments also having included select locations in Canada and Puerto Rico.