Service Properties Trust (NASDAQ:SVC) Shares Up 8.1% – Time to Buy?

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

Wall Street Analysts Forecast Growth

SVC has been the subject of a number of research reports. Weiss Ratings downgraded Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Zacks Research upgraded 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 report on Friday, October 2nd. Finally, LADENBURG THALM/SH SH began coverage on shares of Service Properties Trust in a research report on Tuesday, June 30th. They set a “buy” rating and a $11.25 price target on the stock. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.05.

Service Properties Trust Price Performance

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 capitalization of $796.49 million, a price-to-earnings ratio of -0.80 and a beta of 1.72. The business’s 50 day simple moving average is $7.11 and its 200-day simple moving average is $7.72.

Service Properties Trust Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.60%.

Hedge Funds Weigh In On Service Properties Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC bought a new stake in shares of Service Properties Trust during the second quarter worth about $66,000. WINTON GROUP Ltd raised its holdings in Service Properties Trust by 94.8% in the 2nd quarter. WINTON GROUP Ltd now owns 67,000 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 32,600 shares during the last quarter. Squarepoint Ops LLC bought a new position in Service Properties Trust in the 2nd quarter valued at approximately $71,000. Arizona State Retirement System bought a new position in Service Properties Trust in the 2nd quarter valued at approximately $279,000. Finally, Corient Private Wealth LP acquired a new stake in Service Properties Trust during the 2nd quarter worth approximately $162,000. Institutional investors own 77.62% of the company’s stock.

About Service Properties Trust

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.