Service Properties Trust (NASDAQ:SVC) Stock Price Target Cut by LADENBURG THALM/SH SH

Service Properties Trust (NASDAQ:SVC) had its target price dropped by equities researchers at LADENBURG THALM/SH SH from $11.25 to $9.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH‘s price target suggests a potential upside of 73.08% from the company’s previous close.

Several other equities research analysts also recently commented on SVC. Wall Street Zen upgraded Service Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research upgraded shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings cut shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Finally, Loop Capital set a $9.00 price target on shares of Service Properties Trust in a report on Friday, October 2nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.60.

Service Properties Trust Price Performance

Service Properties Trust stock opened at $5.20 on Friday. The firm has a market cap of $675.01 million, a price-to-earnings ratio of -0.74 and a beta of 1.78. The stock has a fifty day simple moving average of $6.53 and a two-hundred day simple moving average of $8.25. Service Properties Trust has a 12 month low of $5.18 and a 12 month high of $12.15. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 2.39.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.39). The business had revenue of $399.52 million during the quarter, compared to analysts’ expectations of $318.62 million. Service Properties Trust had a negative return on equity of 69.76% and a negative net margin of 29.31%. Equities analysts predict that Service Properties Trust will post 1.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Service Properties Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farringdon Capital Ltd. bought a new position in Service Properties Trust in the second quarter valued at about $37,000. Sequoia Financial Advisors LLC bought a new stake in shares of Service Properties Trust during the 2nd quarter valued at about $66,000. Squarepoint Ops LLC bought a new stake in shares of Service Properties Trust during the 2nd quarter valued at about $71,000. Vise Technologies Inc. bought a new stake in shares of Service Properties Trust during the 3rd quarter valued at about $74,000. Finally, SummitTX Capital L.P. purchased a new stake in shares of Service Properties Trust during the 1st quarter valued at about $88,000. 77.62% of the stock is currently owned by hedge funds and other 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.