Service Properties Trust (NASDAQ:SVC) PT Lowered to $6.25 at Wells Fargo & Company

Service Properties Trust (NASDAQ:SVCGet Rating) had its price target dropped by equities researchers at Wells Fargo & Company from $8.50 to $6.25 in a report issued on Tuesday, Stock Target Advisor reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 12.21% from the stock’s current price.

A number of other brokerages have also recently commented on SVC. B. Riley dropped their price target on shares of Service Properties Trust from $13.00 to $11.00 in a research note on Monday, May 9th. Oppenheimer began coverage on shares of Service Properties Trust in a report on Thursday, April 21st. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research lowered shares of Service Properties Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 11th.

SVC stock traded down $0.42 during trading on Tuesday, reaching $5.57. The stock had a trading volume of 25,372 shares, compared to its average volume of 1,641,376. Service Properties Trust has a one year low of $5.68 and a one year high of $15.39. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 4.98. The company’s 50 day moving average is $7.95 and its two-hundred day moving average is $8.66. The company has a market capitalization of $919.56 million, a price-to-earnings ratio of -1.95 and a beta of 2.12.

Service Properties Trust (NASDAQ:SVCGet Rating) last released its earnings results 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 quarter in the previous year, the firm earned ($0.14) earnings per share. As a group, research analysts predict that Service Properties Trust will post 1.04 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in SVC. BlackRock Inc. lifted its position in shares of Service Properties Trust by 0.4% in the 1st quarter. BlackRock Inc. now owns 32,357,954 shares of the real estate investment trust’s stock worth $285,719,000 after purchasing an additional 121,531 shares during the period. Vanguard Group Inc. lifted its position in Service Properties Trust by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 25,819,685 shares of the real estate investment trust’s stock valued at $227,988,000 after acquiring an additional 115,506 shares during the period. State Street Corp lifted its position in Service Properties Trust by 12.2% during the 1st quarter. State Street Corp now owns 10,852,926 shares of the real estate investment trust’s stock valued at $95,831,000 after acquiring an additional 1,179,868 shares during the period. Geode Capital Management LLC lifted its position in Service Properties Trust by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,469,226 shares of the real estate investment trust’s stock valued at $38,890,000 after acquiring an additional 30,252 shares during the period. Finally, 140 Summer Partners LP lifted its position in Service Properties Trust by 94.9% during the 1st quarter. 140 Summer Partners LP now owns 3,010,064 shares of the real estate investment trust’s stock valued at $26,579,000 after acquiring an additional 1,465,783 shares during the period. 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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