Service Properties Trust (NASDAQ:SVC) Stock Has Average Price Target of $12.05

Service Properties Trust (NASDAQ:SVC) has earned a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $12.05.

SVC has been the subject of a number of analyst reports. Loop Capital set a $9.00 price target on Service Properties Trust in a report on Friday, October 2nd. Zacks Research raised shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings downgraded shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th.

Service Properties Trust Trading Up 1.7%

NASDAQ SVC opened at $6.41 on Friday. The company has a 50-day moving average of $6.77 and a 200-day moving average of $8.39. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.01 and a quick ratio of 0.01. Service Properties Trust has a 12 month low of $5.65 and a 12 month high of $12.15. The company has a market cap of $830.15 million, a P/E ratio of -0.83 and a beta of 1.72.

Service Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s dividend payout ratio is currently -2.60%.

Institutional Investors Weigh In On Service Properties Trust

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in Service Properties Trust in the second quarter worth approximately $3,691,000. Yorkville Advisors Global LP acquired a new position in shares of Service Properties Trust during the 1st quarter valued at $28,333,000. Arizona State Retirement System acquired a new position in shares of Service Properties Trust during the 2nd quarter valued at $279,000. Headlands Technologies LLC bought a new stake in shares of Service Properties Trust in the 2nd quarter worth $543,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Service Properties Trust in the 2nd quarter worth $1,153,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Company Profile

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.