Service Properties Trust (NASDAQ:SVC) Receives $12.81 Consensus PT from Analysts

Shares of Service Properties Trust (NASDAQ:SVC) have received an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.8125.

Several equities research analysts have recently commented on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Service Properties Trust in a research note on Tuesday, June 30th. They set a “buy” rating and a $11.25 price objective for the company. B. Riley Financial raised their target price on Service Properties Trust from $10.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Weiss Ratings raised Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th.

Hedge Funds Weigh In On Service Properties Trust

A number of large investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in Service Properties Trust by 266.8% during the fourth quarter. UBS Group AG now owns 1,308,186 shares of the real estate investment trust’s stock worth $2,407,000 after buying an additional 951,523 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Service Properties Trust during the 2nd quarter valued at about $3,691,000. Yorkville Advisors Global LP acquired a new position in shares of Service Properties Trust during the 1st quarter valued at about $28,333,000. Headlands Technologies LLC purchased a new stake in shares of Service Properties Trust in the second quarter valued at about $543,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Service Properties Trust during the first quarter worth about $95,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Stock Performance

SVC opened at $6.67 on Thursday. Service Properties Trust has a 52-week low of $5.65 and a 52-week high of $15.05. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.11. The company has a market cap of $863.83 million, a P/E ratio of -0.87 and a beta of 1.66. The firm’s 50-day moving average price is $8.08 and its 200-day moving average price is $8.37.

Service Properties Trust Increases Dividend

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

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.