Service Properties Trust (NASDAQ:SVC) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• Service Properties Trust shares fell below their 50-day moving average, trading as low as $6.55 versus the $7.95 average, and last changing hands at $6.57.
• Analyst sentiment is mixed but centers on a “Hold” consensus; three analysts rate the stock Buy, two Hold, and one Sell, with an average price target of $12.81.
• The REIT pays a quarterly dividend of $0.05 per share, representing a 3.0% annualized yield, while institutional investors own 77.62% of its stock.

Service Properties Trust (NASDAQ:SVC - Get Free Report) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.95 and traded as low as $6.55. Service Properties Trust shares last traded at $6.57, with a volume of 1,644,642 shares changing hands.

Wall Street Analyst Weigh In

SVC has been the subject of a number of recent analyst reports. B. Riley Financial increased their price target on Service Properties Trust from $10.00 to $12.50 and gave the stock a "buy" rating in a report on Wednesday, June 17th. Zacks Research raised Service Properties Trust from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. LADENBURG THALM/SH SH started coverage on Service Properties Trust in a research report on Tuesday, June 30th. They set a "buy" rating and a $11.25 target price on the stock. Finally, Weiss Ratings raised Service Properties Trust from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $12.81.

Service Properties Trust Trading Down 0.8%

The business has a fifty day moving average of $7.95 and a 200-day moving average of $8.27. 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 company has a market capitalization of $850.88 million, a P/E ratio of -0.85 and a beta of 1.66.

Service Properties Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were given a dividend of $0.05 per share. 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. This represents a $0.20 annualized dividend and a dividend yield of 3.0%. Service Properties Trust's payout ratio is presently -2.60%.

Hedge Funds Weigh In On Service Properties Trust

Several large investors have recently added to or reduced their stakes in the business. Farringdon Capital Ltd. bought a new stake in Service Properties Trust during the second quarter worth $37,000. Abel Hall LLC lifted its stake in Service Properties Trust by 69.3% during the 1st quarter. Abel Hall LLC now owns 29,395 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 12,033 shares in the last quarter. AdvisorShares Investments LLC bought a new position in Service Properties Trust during the 1st quarter valued at $44,000. Sequoia Financial Advisors LLC purchased a new position in Service Properties Trust during the 2nd quarter worth $66,000. Finally, Squarepoint Ops LLC purchased a new position in Service Properties Trust during the 2nd quarter worth $71,000. Institutional investors 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 a diversified portfolio of hotels and service-oriented properties. The company generally leases its properties to operating companies and generates rental income from those arrangements, while hotel operations are conducted by third-party managers and tenants.

SVC's hotel portfolio has included properties operated under a range of well-known hospitality brands and serving business, leisure and extended-stay travelers.

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.