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

Key Points

• Analysts rate Service Properties Trust “Hold” overall: Three recommend buying, two recommend holding, and one recommends selling. The average 12-month price target is $12.05, versus a recent share price of $6.41.
• The stock has traded between $5.65 and $12.15 over the past year, with a market capitalization of approximately $830 million and elevated leverage reflected by a debt-to-equity ratio of 2.11.
• Service Properties Trust declared a quarterly dividend of $0.05 per share, representing an annualized payout of $0.20 and a 3.1% yield. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust (NASDAQ:SVC - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.