Zacks Research Upgrades Service Properties Trust (NASDAQ:SVC) to Hold

Service Properties Trust (NASDAQ:SVC) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on SVC. B. Riley Financial raised their price objective on Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Wall Street Zen lowered shares of Service Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. LADENBURG THALM/SH SH began coverage on shares of Service Properties Trust in a research report on Tuesday, June 30th. They set a “buy” rating and a $11.25 price objective on the stock. Odeon Capital Group began coverage on shares of Service Properties Trust in a research note on Friday, May 8th. They issued a “buy” rating and a $17.50 target price on the stock. Finally, Weiss Ratings upgraded shares of Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Service Properties Trust has an average rating of “Hold” and a consensus price target of $12.81.

Service Properties Trust Trading Down 3.7%

SVC opened at $8.17 on Wednesday. The firm has a market cap of $1.06 billion, a P/E ratio of -1.06 and a beta of 1.67. Service Properties Trust has a 12 month low of $5.65 and a 12 month high of $15.05. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11. The stock has a 50-day moving average of $8.38 and a 200 day moving average of $8.84.

Hedge Funds Weigh In On Service Properties Trust

Several hedge funds have recently bought and sold shares of SVC. AQR Capital Management LLC increased its stake in Service Properties Trust by 30.8% in the first quarter. AQR Capital Management LLC now owns 1,346,098 shares of the real estate investment trust’s stock worth $3,446,000 after purchasing an additional 317,218 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Service Properties Trust by 114.8% during the first quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust’s stock worth $10,749,000 after purchasing an additional 2,200,754 shares during the last quarter. Strs Ohio purchased a new stake in shares of Service Properties Trust during the first quarter valued at $77,000. Cetera Investment Advisers boosted its stake in shares of Service Properties Trust by 54.5% during the second quarter. Cetera Investment Advisers now owns 104,585 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 36,873 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Service Properties Trust by 15.1% in the second quarter. JPMorgan Chase & Co. now owns 955,257 shares of the real estate investment trust’s stock worth $2,283,000 after purchasing an additional 125,256 shares during the last quarter. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.

Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.