Service Properties Trust (NASDAQ:SVC) Upgraded to “Hold” at Zacks Investment Research

Service Properties Trust (NASDAQ:SVCGet Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “Service Properties Trust is a real estate investment trust which buys, owns and leases hotels primarily in United States. Service Properties Trust, formerly known as Hospitality Properties Trust, is based in MA, United States. “

Several other brokerages have also issued reports on SVC. B. Riley dropped their price target on Service Properties Trust from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, February 28th. Oppenheimer began coverage on Service Properties Trust in a research note on Thursday, April 21st. They issued a “market perform” rating for the company.

SVC stock traded down $0.08 during mid-day trading on Tuesday, hitting $7.85. 10,957 shares of the stock were exchanged, compared to its average volume of 1,150,275. The company has a debt-to-equity ratio of 4.59, a current ratio of 2.08 and a quick ratio of 2.08. The firm’s fifty day simple moving average is $8.46. Service Properties Trust has a 12 month low of $7.01 and a 12 month high of $15.39. The company has a market cap of $1.30 billion, a PE ratio of -2.37 and a beta of 2.12.

Service Properties Trust (NASDAQ:SVCGet Rating) last issued its quarterly earnings results on Thursday, February 24th. The real estate investment trust reported ($1.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by ($0.67). Service Properties Trust had a negative return on equity of 30.99% and a negative net margin of 36.41%. During the same period in the prior year, the business posted ($0.14) EPS. As a group, research analysts predict that Service Properties Trust will post 1.31 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SVC. Amundi Pioneer Asset Management Inc. raised its position in Service Properties Trust by 46.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 598,075 shares of the real estate investment trust’s stock valued at $15,734,000 after purchasing an additional 190,582 shares during the last quarter. Millennium Management LLC bought a new position in Service Properties Trust during the 2nd quarter valued at approximately $362,000. Morgan Stanley raised its position in Service Properties Trust by 51.1% during the 2nd quarter. Morgan Stanley now owns 1,014,091 shares of the real estate investment trust’s stock valued at $12,778,000 after purchasing an additional 342,803 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Service Properties Trust by 7.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 35,795 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 2,539 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Service Properties Trust by 28.4% during the 3rd quarter. SG Americas Securities LLC now owns 38,894 shares of the real estate investment trust’s stock valued at $436,000 after purchasing an additional 8,591 shares during the last quarter. 79.60% of the stock is owned by institutional investors and hedge funds.

Service Properties Trust Company Profile (Get Rating)

Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC's properties are primarily operated under long-term management or lease agreements.

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