Shares of Service Properties Trust (NASDAQ:SVC - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.35 and traded as low as $7.58. Service Properties Trust shares last traded at $7.64, with a volume of 1,262,960 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. LADENBURG THALM/SH SH assumed coverage on Service Properties Trust in a research report on Tuesday, June 30th. They set a "buy" rating and a $11.25 price target on the stock. Odeon Capital Group initiated coverage on Service Properties Trust in a research note on Friday, May 8th. They set a "buy" rating and a $17.50 price objective for the company. Weiss Ratings raised Service Properties Trust from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, July 29th. Zacks Research upgraded Service Properties Trust from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Service Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Service Properties Trust presently has an average rating of "Hold" and an average target price of $12.81.
Read Our Latest Stock Report on SVC
Service Properties Trust Trading Down 2.4%
The business's 50 day moving average price is $8.35 and its two-hundred day moving average price is $8.68. 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 $989.46 million, a price-to-earnings ratio of -0.99 and a beta of 1.67.
Service Properties Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.6%. This is a positive change from Service Properties Trust's previous quarterly dividend of $0.05. The ex-dividend date was Monday, July 20th. Service Properties Trust's payout ratio is currently -2.60%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. UBS Group AG boosted its position in shares of Service Properties Trust by 266.8% during the 4th quarter. UBS Group AG now owns 1,308,186 shares of the real estate investment trust's stock valued at $2,407,000 after purchasing an additional 951,523 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in shares of Service Properties Trust in the 4th quarter worth approximately $1,771,000. Yorkville Advisors Global LP acquired a new stake in Service Properties Trust during the first quarter valued at approximately $28,333,000. Arrowstreet Capital Limited Partnership acquired a new stake in Service Properties Trust during the first quarter valued at approximately $95,000. Finally, SummitTX Capital L.P. bought a new stake in Service Properties Trust during the first quarter worth approximately $88,000. 77.62% of the stock is owned by institutional investors and hedge funds.
Service Properties Trust Company Profile
(
Get Free Report)
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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