Service Properties Trust (NASDAQ:SVC) Rating Lowered to Sell at Wall Street Zen

Service Properties Trust (NASDAQ:SVC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Sunday, Wall Street Zen reports.

Several other analysts have also commented on the company. Weiss Ratings lowered Service Properties Trust from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, October 8th. Zacks Research downgraded Service Properties Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday, November 10th. Ladenburg Thalmann & Co. Inc. decreased their price target on Service Properties Trust from $11.25 to $9.00 and set a "buy" rating for the company in a report on Friday, November 6th. Finally, Loop Capital set a $9.00 price objective on Service Properties Trust in a research report on Friday, October 2nd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $11.60.

Service Properties Trust Stock Performance

Shares of NASDAQ SVC traded up $0.15 during trading on Friday, reaching $5.70. 1,777,512 shares of the company traded hands, compared to its average volume of 1,580,011. The firm's fifty day simple moving average is $6.30 and its 200 day simple moving average is $8.13. The stock has a market cap of $739.94 million, a P/E ratio of -0.82 and a beta of 1.78. Service Properties Trust has a 12-month low of $4.99 and a 12-month high of $12.15. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.39.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.39). Service Properties Trust had a negative net margin of 29.31% and a negative return on equity of 69.76%. The company had revenue of $399.52 million during the quarter, compared to analyst estimates of $318.62 million. As a group, research analysts anticipate that Service Properties Trust will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Service Properties Trust

Several hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new stake in shares of Service Properties Trust during the 3rd quarter valued at about $9,080,000. DBA Trading LLC acquired a new position in Service Properties Trust in the 3rd quarter worth about $642,000. Vise Technologies Inc. acquired a new position in Service Properties Trust in the 3rd quarter worth about $74,000. Sequoia Financial Advisors LLC acquired a new position in Service Properties Trust in the 2nd quarter worth about $66,000. Finally, WINTON GROUP Ltd boosted its position in Service Properties Trust by 94.8% during the second quarter. WINTON GROUP Ltd now owns 67,000 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 32,600 shares in the last quarter. 77.62% of the stock is owned by hedge funds and other institutional investors.

Service Properties Trust Company Profile

Service Properties Trust NASDAQ: SVC is a real estate investment trust that owns hotels and service-focused retail properties. Its hotel portfolio includes lodging properties operated by third-party management companies and affiliated with a range of hotel brands. Its retail properties are generally leased to businesses that provide services to travelers and local customers. The trust's properties are located primarily in the United States. Service Properties Trust was formerly known as Hospitality Properties Trust, reflecting its earlier focus on hotels, before adopting its current name as its portfolio expanded to include service-focused retail real estate.

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