Service Properties Trust (NASDAQ:SVC) Stock Bumped Up to Hold by Wall Street Zen

Key Points

• Wall Street Zen upgraded Service Properties Trust from “sell” to “hold.” The overall analyst consensus is also “hold,” with a consensus price target of $12.05.
• SVC shares were reported down 5.5% and opened at $5.20, near the company’s 52-week low of $5.18.
• The REIT reported quarterly EPS of negative $0.68, missing the consensus estimate of negative $0.29, while revenue of $399.52 million exceeded estimates of $318.62 million.

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

Several other research analysts also recently commented on SVC. Zacks Research upgraded shares of Service Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 12th. Weiss Ratings lowered Service Properties Trust from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, October 8th. Finally, Loop Capital set a $9.00 price target on shares of Service Properties Trust in a research report on Friday, October 2nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $12.05.

Service Properties Trust Trading Down 5.5%

SVC opened at $5.20 on Friday. The company has a fifty day moving average price of $6.53 and a two-hundred day moving average price of $8.25. The company has a market cap of $673.45 million, a P/E ratio of 2.52 and a beta of 1.78. Service Properties Trust has a 1-year low of $5.18 and a 1-year high of $12.15. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported ($0.68) earnings per share for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.39). Service Properties Trust had a negative return on equity of 65.18% and a negative net margin of 25.44%. The firm had revenue of $399.52 million during the quarter, compared to the consensus estimate of $318.62 million. Analysts predict that Service Properties Trust will post 1.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Yorkville Advisors Global LP bought a new position in Service Properties Trust during the first quarter worth $28,333,000. Bank of America Corp DE raised its stake in shares of Service Properties Trust by 1.8% in the first 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 buying an additional 42,317 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Service Properties Trust during the 2nd quarter valued at approximately $3,691,000. Public Employees Retirement System of Ohio bought a new position in Service Properties Trust in the second quarter worth about $1,153,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Service Properties Trust in the second quarter worth about $543,000. 77.62% of the stock is owned by institutional investors.

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.

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