Brokerages Set Service Properties Trust (NASDAQ:SVC) PT at $12.81

Shares of Service Properties Trust (NASDAQ:SVC) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $12.8125.

Several brokerages recently issued reports on SVC. Wall Street Zen lowered shares of Service Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. 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. Weiss Ratings raised shares of Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 29th. LADENBURG THALM/SH SH began coverage on shares of 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 initiated 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.

Institutional Trading of Service Properties Trust

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Service Properties Trust during the second quarter worth about $543,000. Public Employees Retirement System of Ohio bought a new position in Service Properties Trust in the 2nd quarter valued at approximately $1,153,000. Farringdon Capital Ltd. acquired a new stake in Service Properties Trust during the 2nd quarter worth approximately $37,000. Bank of New York Mellon Corp acquired a new stake in Service Properties Trust during the 2nd quarter worth approximately $3,691,000. Finally, Bank of America Corp DE grew its holdings in Service Properties Trust by 1.8% during the 1st quarter. Bank of America Corp DE now owns 2,338,854 shares of the real estate investment trust’s stock worth $3,169,000 after acquiring an additional 42,317 shares during the last quarter. 77.62% of the stock is owned by institutional investors and hedge funds.

Service Properties Trust Stock Performance

Service Properties Trust stock opened at $8.07 on Friday. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.11. The stock has a market cap of $1.05 billion, a PE ratio of -1.05 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 business’s 50-day moving average price is $8.37 and its two-hundred day moving average price is $8.76.

Service Properties Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, July 20th. This is a boost from Service Properties Trust’s previous quarterly dividend of $0.05. Service Properties Trust’s payout ratio is currently -2.60%.

Service Properties Trust Company Profile

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.