Service Properties Trust (NASDAQ:SVC) Raised to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Service Properties Trust from “strong sell” to “hold,” while the broader analyst consensus is also “Hold” with a $12.81 target price.
• Shares fell 3.7% to open at $8.17, below both the 50-day and 200-day moving averages; the stock has traded between $5.65 and $15.05 over the past year.
• Institutional investors own 77.62% of the REIT, with several major funds—including Goldman Sachs and Susquehanna Advisors—recently increasing their positions.

Service Properties Trust (NASDAQ:SVC - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on SVC. Weiss Ratings raised shares of Service Properties Trust from a "sell (e+)" rating to a "sell (d-)" rating in a research note 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 stock a "buy" rating in a report on Wednesday, June 17th. Odeon Capital Group initiated coverage on shares of Service Properties Trust in a research report on Friday, May 8th. They issued a "buy" rating and a $17.50 price target on the stock. LADENBURG THALM/SH SH assumed coverage on 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, Wall Street Zen downgraded Service Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.81.

Service Properties Trust Trading Down 3.7%

Shares of Service Properties Trust stock opened at $8.17 on Wednesday. The business has a fifty day simple moving average of $8.38 and a 200-day simple moving average of $8.84. Service Properties Trust has a fifty-two week low of $5.65 and a fifty-two week high of $15.05. The firm has a market cap of $1.06 billion, a price-to-earnings 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.

Institutional Investors Weigh In On Service Properties Trust

Several hedge funds have recently made changes to their positions in SVC. Yorkville Advisors Global LP purchased a new position in Service Properties Trust during the 1st quarter worth approximately $28,333,000. Charles Schwab Investment Management Inc. boosted its position in shares of Service Properties Trust by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,982 shares of the real estate investment trust's stock worth $15,997,000 after buying an additional 136,283 shares during the period. Capital Management Corp VA grew its holdings in shares of Service Properties Trust by 1.8% during the fourth quarter. Capital Management Corp VA now owns 7,089,800 shares of the real estate investment trust's stock valued at $13,045,000 after buying an additional 125,395 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Service Properties Trust by 8.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,810,031 shares of the real estate investment trust's stock valued at $12,530,000 after buying an additional 553,942 shares during the period. Finally, Susquehanna Advisors Group Inc. lifted its stake in Service Properties Trust by 17.4% in the 4th quarter. Susquehanna Advisors Group Inc. now owns 6,014,299 shares of the real estate investment trust's stock worth $11,066,000 after acquiring an additional 892,880 shares in the last quarter. Hedge funds and other 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 (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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