Service Properties Trust (NASDAQ:SVC) Stock Rating Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Service Properties Trust (NASDAQ:SVC) from a sell rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. Loop Capital set a $9.00 price target on Service Properties Trust in a research note on Friday, October 2nd. Zacks Research upgraded Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings cut Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Service Properties Trust currently has a consensus rating of “Hold” and an average price target of $12.05.

Service Properties Trust Stock Performance

NASDAQ SVC opened at $5.20 on Friday. The company has a quick ratio of 0.01, a current ratio of 0.02 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $675.03 million, a P/E ratio of -0.74 and a beta of 1.78. Service Properties Trust has a 12-month low of $5.18 and a 12-month high of $12.15. The firm has a 50-day moving average price of $6.53 and a two-hundred day moving average price of $8.25.

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

Service Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.87%.

Hedge Funds Weigh In On Service Properties Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vise Technologies Inc. acquired a new stake in shares of Service Properties Trust during the 3rd quarter worth approximately $74,000. Farringdon Capital Ltd. bought a new position in Service Properties Trust in the second quarter valued at approximately $37,000. Abel Hall LLC raised its position in Service Properties Trust by 69.3% during the first quarter. Abel Hall LLC now owns 29,395 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 12,033 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Service Properties Trust during the second quarter valued at approximately $66,000. Finally, Squarepoint Ops LLC acquired a new position in Service Properties Trust during the second quarter valued at approximately $71,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.

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.