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

Service Properties Trust (NASDAQ:SVC) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

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

Service Properties Trust Stock Down 3.7%

SVC stock opened at $8.17 on Wednesday. The company has a 50 day moving average of $8.38 and a two-hundred day moving average of $8.84. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -1.06 and a beta of 1.67. Service Properties Trust has a 12-month low of $5.65 and a 12-month high of $15.05. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.11.

Institutional Investors Weigh In On Service Properties Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in Service Properties Trust by 54.4% during the second 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 period. Cerity Partners LLC raised its position in shares of Service Properties Trust by 40.2% in the second quarter. Cerity Partners LLC now owns 29,838 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 8,554 shares during the period. Jain Global LLC lifted its stake in shares of Service Properties Trust by 37.8% in the fourth quarter. Jain Global LLC now owns 34,638 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 9,500 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Service Properties Trust by 10.9% in the fourth quarter. Renaissance Technologies LLC now owns 122,400 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 12,000 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Service Properties Trust by 98.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 24,150 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 12,006 shares during the period. 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 (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.