Service Properties Trust (NASDAQ:SVC) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Service Properties Trust has a consensus “Hold” rating from six analysts: three buys, two holds and one sell. The average 12-month price target is $12.8125, compared with a recent share price of $8.13.
• Institutional investors own 77.62% of the company’s stock, with Goldman Sachs, Silver Point Capital and other investment firms recently increasing or initiating positions.
• The REIT paid a quarterly dividend of $0.05 per share, equivalent to an annualized $0.20 dividend and a 2.5% yield.

Service Properties Trust (NASDAQ:SVC - Get Free Report) has been assigned a consensus rating of "Hold" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment 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 target among brokerages that have issued ratings on the stock in the last year is $12.8125.

SVC has been the topic of several research analyst reports. Wall Street Zen lowered Service Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Service Properties Trust from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, July 29th. B. Riley Financial boosted their price target on Service Properties Trust from $10.00 to $12.50 and gave the company a "buy" rating in a research note on Wednesday, June 17th. Zacks Research raised shares of Service Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Service Properties Trust in a research note on Tuesday, June 30th. They issued a "buy" rating and a $11.25 price objective for the company.

Institutional Investors Weigh In On Service Properties Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Yorkville Advisors Global LP bought a new position in shares of Service Properties Trust in the first quarter valued at $28,333,000. Lonestar Capital Management LLC bought a new position in Service Properties Trust in the 3rd quarter valued at about $7,412,000. Goldman Sachs Group Inc. boosted its stake in Service Properties Trust by 114.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust's stock valued at $10,749,000 after purchasing an additional 2,200,754 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Service Properties Trust during the 2nd quarter worth approximately $3,691,000. Finally, Silver Point Capital L.P. increased its holdings in Service Properties Trust by 93.3% during the 4th quarter. Silver Point Capital L.P. now owns 3,439,000 shares of the real estate investment trust's stock worth $6,328,000 after purchasing an additional 1,660,000 shares in the last quarter. Institutional investors own 77.62% of the company's stock.

Service Properties Trust Price Performance

Shares of NASDAQ SVC opened at $8.13 on Friday. Service Properties Trust has a twelve month low of $5.65 and a twelve month high of $15.05. The firm has a fifty day simple moving average of $8.38 and a 200 day simple moving average of $8.83. The company has a market capitalization of $1.05 billion, a PE ratio of -1.06 and a beta of 1.67. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.11.

Service Properties Trust Increases Dividend

The business also recently disclosed 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 is an increase from Service Properties Trust's previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, July 20th. Service Properties Trust's dividend payout ratio (DPR) is currently -2.60%.

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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