Service Properties Trust (NASDAQ:SVC) Stock Price Up 8.1% – Should You Buy?

Service Properties Trust (NASDAQ:SVC) rose 8.1% during trading on Thursday. The company traded as high as $6.22 and last traded at $6.3250. 166,607 shares changed hands during trading, a decline of 90% from the average daily volume of 1,651,888 shares. The stock had previously closed at $5.85.

Analyst Ratings Changes

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

Service Properties Trust Stock Up 8.3%

The firm has a 50-day moving average of $7.19 and a two-hundred day moving average of $7.75. The firm has a market cap of $820.44 million, a price-to-earnings ratio of -0.82 and a beta of 1.72. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11.

Service Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, October 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.2%. Service Properties Trust’s payout ratio is -2.60%.

Institutional Investors Weigh In On Service Properties Trust

Several hedge funds have recently modified their holdings of the business. Farringdon Capital Ltd. acquired a new stake in Service Properties Trust in the 2nd quarter worth $37,000. Abel Hall LLC increased its holdings 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 worth $40,000 after purchasing an additional 12,033 shares during the period. AdvisorShares Investments LLC bought a new position in shares of Service Properties Trust during the 1st quarter worth about $44,000. Sequoia Financial Advisors LLC acquired a new position in shares of Service Properties Trust during the second quarter valued at about $66,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Service Properties Trust during the second quarter valued at about $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.