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

Key Points

• 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 $12.05.
• Recent analyst actions were mixed: B. Riley raised its target to $12.50 with a buy rating, while Loop Capital set a $9.00 target and Zacks upgraded the stock to “Hold” from “Strong Sell.”
• The stock opened at $6.38, near its 52-week low, while institutional investors own 77.62% of shares. The company pays a quarterly dividend of $0.05, equivalent to a 3.1% annualized yield.

Service Properties Trust (NASDAQ:SVC - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.05.

SVC has been the topic of several recent research reports. Loop Capital set a $9.00 target price on Service Properties Trust in a research report on Friday. Weiss Ratings upgraded shares of Service Properties Trust from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, July 29th. B. Riley Financial raised their target price on shares of Service Properties Trust from $10.00 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, June 17th. LADENBURG THALM/SH SH initiated 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. Finally, Zacks Research raised Service Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 12th.

Hedge Funds Weigh In On Service Properties Trust

Several hedge funds have recently modified their holdings of the stock. Farringdon Capital Ltd. purchased a new stake in Service Properties Trust during the 2nd quarter worth approximately $37,000. Abel Hall LLC raised its holdings in shares of Service Properties Trust by 69.3% in the first quarter. Abel Hall LLC now owns 29,395 shares of the real estate investment trust's stock worth $40,000 after buying an additional 12,033 shares during the last quarter. AdvisorShares Investments LLC purchased a new position in shares of Service Properties Trust in the first quarter worth $44,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Service Properties Trust during the second quarter worth $66,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Service Properties Trust during the second quarter worth $71,000. Institutional investors and hedge funds own 77.62% of the company's stock.

Service Properties Trust Price Performance

NASDAQ SVC opened at $6.38 on Monday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.01 and a current ratio of 0.01. The firm's 50 day moving average price is $7.48 and its 200-day moving average price is $7.93. Service Properties Trust has a 52-week low of $5.65 and a 52-week high of $13.50. The company has a market cap of $826.27 million, a PE ratio of -0.83 and a beta of 1.72.

Service Properties Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were paid a dividend of $0.05 per share. This is a positive change from Service Properties Trust's previous quarterly dividend of $0.05. The ex-dividend date was Monday, July 20th. This represents a $0.20 annualized dividend and a yield of 3.1%. Service Properties Trust's dividend payout ratio (DPR) is presently -2.60%.

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.

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