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 decreased by LADENBURG THALM/SH SH from $11.25 to $9.00 in a research note released on Friday,Benzinga reports. LADENBURG THALM/SH SH currently has a buy rating on the real estate investment trust’s stock.

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

Service Properties Trust Stock Performance

NASDAQ:SVC opened at $5.20 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.02 and a quick ratio of 0.02. Service Properties Trust has a 1 year low of $5.18 and a 1 year high of $12.15. The stock’s 50 day simple moving average is $6.53 and its two-hundred day simple moving average is $8.25. The company has a market cap of $675.01 million, a price-to-earnings ratio of -0.74 and a beta of 1.78.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.39). The firm had revenue of $399.52 million for the quarter, compared to analysts’ expectations of $318.62 million. Service Properties Trust had a negative return on equity of 69.76% and a negative net margin of 29.31%. As a group, equities analysts anticipate that Service Properties Trust will post 1.15 earnings per share for the current fiscal year.

Service Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be given 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 yield of 3.8%. Service Properties Trust’s dividend payout ratio is -2.87%.

Institutional Investors Weigh In On Service Properties Trust

Several institutional investors have recently modified their holdings of the stock. Yorkville Advisors Global LP bought a new stake in Service Properties Trust in the first quarter worth $28,333,000. Bank of New York Mellon Corp bought a new position in Service Properties Trust during the second quarter valued at $3,691,000. Public Employees Retirement System of Ohio bought a new position in Service Properties Trust during the second quarter valued at $1,153,000. Headlands Technologies LLC purchased a new stake in shares of Service Properties Trust in the second quarter valued at $543,000. Finally, Arizona State Retirement System purchased a new stake in shares of Service Properties Trust in the second quarter valued at $279,000. 77.62% of the stock is owned by institutional investors.

About Service Properties Trust

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.