Service Properties Trust (NASDAQ:SVC) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts hold a neutral view: Service Properties Trust has a consensus “Hold” rating from six analysts, with three buys, two holds, and one sell. The average 12-month price target is $12.81.
• The stock opened at $7.11, below its 50-day and 200-day moving averages of $8.19 and $8.46, respectively. Shares have traded between $5.65 and $15.05 over the past year.
• Service Properties Trust paid a quarterly dividend of $0.05 per share, equal to an annualized $0.20 payout and a 2.8% yield. Institutional investors own approximately 77.6% of the company’s stock.

Shares of Service Properties Trust (NASDAQ:SVC - Get Free Report) have earned a consensus recommendation of "Hold" from the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $12.8125.

Several analysts have weighed in on the stock. 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. LADENBURG THALM/SH SH assumed coverage on shares of Service Properties Trust in a report on Tuesday, June 30th. They issued a "buy" rating and a $11.25 price target on the stock. Weiss Ratings raised Service Properties Trust from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, July 29th. Finally, B. Riley Financial boosted their price objective on shares of Service Properties Trust from $10.00 to $12.50 and gave the stock a "buy" rating in a research note on Wednesday, June 17th.

Service Properties Trust Price Performance

Shares of NASDAQ SVC opened at $7.11 on Thursday. The stock has a fifty day moving average of $8.19 and a 200-day moving average of $8.46. Service Properties Trust has a fifty-two week low of $5.65 and a fifty-two week high of $15.05. The stock has a market cap of $920.82 million, a PE ratio of -0.92 and a beta of 1.66. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.01 and a current ratio of 0.01.

Service Properties Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.8%. 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 -2.60%.

Hedge Funds Weigh In On Service Properties Trust

Several institutional investors have recently made changes to their positions in the business. Yorkville Advisors Global LP purchased a new stake in shares of Service Properties Trust in the 1st quarter worth $28,333,000. Charles Schwab Investment Management Inc. boosted its stake in Service Properties Trust by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,693,982 shares of the real estate investment trust's stock worth $15,997,000 after purchasing an additional 136,283 shares during the period. Goldman Sachs Group Inc. increased its holdings in Service Properties Trust by 8.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,810,031 shares of the real estate investment trust's stock valued at $12,530,000 after acquiring an additional 553,942 shares during the last quarter. Susquehanna Advisors Group Inc. grew its position in shares of Service Properties Trust by 17.4% during the fourth quarter. Susquehanna Advisors Group Inc. now owns 6,014,299 shares of the real estate investment trust's stock valued at $11,066,000 after purchasing an additional 892,880 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Service Properties Trust by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 4,221,659 shares of the real estate investment trust's stock valued at $7,769,000 after buying an additional 26,994 shares during the last quarter. 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 (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.

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