Service Properties Trust (SVC) – What Are Researchers Thinking About This Stock?

Service Properties Trust (NASDAQ:SVC) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $12.05.

Several equities analysts have recently weighed in on the company. Loop Capital set a $9.00 price target on Service Properties Trust in a report on Friday, October 2nd. Weiss Ratings cut Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Finally, Zacks Research raised shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th.

More Service Properties Trust News

Here are the key news stories impacting Service Properties Trust this week:

• Positive Sentiment: Third-quarter FFO was $0.34 per share, above the Zacks consensus estimate of $0.30. Revenue of about $399.5 million also exceeded the roughly $318.6 million estimate. Service Properties Q3 FFO and Revenues Beat Estimates
• Negative Sentiment: FFO was down from $1.00 per share in the year-ago quarter, a steep deterioration that may overshadow the quarterly estimate beats. The supplied results also show negative net margin and return on equity, while the company’s high debt and very low current and quick ratios point to financial risk. Service Properties Trust Reports Third-Quarter Results

Service Properties Trust Price Performance

SVC opened at $5.50 on Friday. The stock has a market capitalization of $712.30 million, a PE ratio of 3.45 and a beta of 1.78. The stock’s 50 day moving average price is $6.58 and its 200-day moving average price is $8.27. Service Properties Trust has a 52-week low of $5.37 and a 52-week high of $12.15. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.01 and a current ratio of 0.01.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.39). The firm had revenue of $399.52 million for the quarter, compared to analysts’ expectations of $318.62 million. Service Properties Trust had a negative net margin of 29.31% and a negative return on equity of 71.48%. On average, equities research analysts predict that Service Properties Trust will post 1.31 EPS for the current year.

Service Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s payout ratio is -2.60%.

Institutional Investors Weigh In On Service Properties Trust

Several institutional investors have recently modified their holdings of the stock. Farringdon Capital Ltd. bought a new stake in shares of Service Properties Trust during the second quarter worth $37,000. Abel Hall LLC raised its position 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 worth $40,000 after buying an additional 12,033 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in shares of Service Properties Trust in the 1st quarter valued at about $44,000. Sequoia Financial Advisors LLC purchased a new position in shares of Service Properties Trust during the 2nd quarter valued at approximately $66,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Service Properties Trust during the 2nd quarter worth about $71,000. 77.62% of the stock is owned by institutional investors.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hospitality and service-oriented properties. The company’s portfolio has historically included hotels, extended-stay lodging properties and other real estate leased to businesses that provide essential or consumer-focused services.

Service Properties Trust generally leases its properties to hotel operators and other commercial tenants rather than managing most locations directly. Its hotel portfolio has included properties operated under a variety of well-known brands, while its service-focused properties have supported businesses such as healthcare, automotive and travel-related services.

The company’s properties are primarily located in the United States, with investments also having included select locations in Canada and Puerto Rico.