Service Properties Trust (NASDAQ:SVC) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Service Properties Trust (NASDAQ:SVC) from a strong sell rating to a hold rating in a report released on Wednesday,Zacks.com reports.

SVC has been the topic of several other reports. Wall Street Zen lowered shares of Service Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. B. Riley Financial raised their target price on shares of Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a report on Wednesday, June 17th. Weiss Ratings upgraded shares of Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 29th. LADENBURG THALM/SH SH initiated coverage on shares of Service Properties Trust in a report on Tuesday, June 30th. They issued a “buy” rating and a $11.25 price target on the stock. Finally, Odeon Capital Group began coverage on shares of Service Properties Trust in a research report on Friday, May 8th. They issued a “buy” rating and a $17.50 price target on the stock. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.81.

Service Properties Trust Stock Down 3.7%

Service Properties Trust stock opened at $8.17 on Wednesday. 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 firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -1.06 and a beta of 1.67. Service Properties Trust has a fifty-two week low of $5.65 and a fifty-two week high of $15.05. The stock’s fifty day moving average is $8.38 and its two-hundred day moving average is $8.84.

Service Properties Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, July 20th. This is an increase from Service Properties Trust’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.4%. Service Properties Trust’s dividend payout ratio is -2.60%.

Institutional Trading of Service Properties Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caxton Associates LLP purchased a new position in Service Properties Trust in the 3rd quarter valued at about $33,000. BNP Paribas Financial Markets boosted its stake in shares of Service Properties Trust by 54.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 5,099 shares during the last quarter. HighRoad Wealth Advisors LLC purchased a new stake in shares of Service Properties Trust during the fourth quarter worth about $29,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Service Properties Trust during the third quarter worth about $45,000. Finally, Abel Hall LLC acquired a new position in shares of Service Properties Trust in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

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.