Service Properties Trust (NASDAQ:SVC) Rating Lowered to Strong Sell at Zacks Investment Research

Service Properties Trust (NASDAQ:SVC – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, 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. “

A number of other analysts have also issued reports on the company. B. Riley lowered their target price on Service Properties Trust from $13.00 to $11.00 in a report on Monday. Oppenheimer started coverage on Service Properties Trust in a report on Thursday, April 21st. They set a “market perform” rating on the stock.

Shares of SVC traded down $0.06 during midday trading on Wednesday, reaching $6.13. 73,607 shares of the stock were exchanged, compared to its average volume of 1,579,530. Service Properties Trust has a 12-month low of $5.82 and a 12-month high of $15.39. The business has a 50 day simple moving average of $8.27. The company has a debt-to-equity ratio of 4.98, a quick ratio of 2.08 and a current ratio of 2.23. The firm has a market cap of $1.01 billion, a P/E ratio of -2.17 and a beta of 2.12.

Service Properties Trust (NASDAQ:SVC – Get Rating) last issued its quarterly earnings data on Thursday, February 24th. The real estate investment trust reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.67). Service Properties Trust had a negative net margin of 28.83% and a negative return on equity of 28.63%. During the same period in the prior year, the company earned ($0.14) earnings per share. As a group, sell-side analysts predict that Service Properties Trust will post 1.31 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC raised its position in shares of Service Properties Trust by 68.8% during the third quarter. Penserra Capital Management LLC now owns 4,550 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,855 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Service Properties Trust by 120.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,952 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 2,707 shares during the period. First Republic Investment Management Inc. bought a new position in Service Properties Trust in the 4th quarter worth about $89,000. TownSquare Capital LLC bought a new position in Service Properties Trust in the 1st quarter worth about $99,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Service Properties Trust in the 3rd quarter worth about $112,000. 79.60% of the stock is currently owned by institutional investors.

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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