Service Properties Trust (NASDAQ:SVC) PT decreased to $4.00

Service Properties Trust (NASDAQ:SVC – Get a Free Report) The price target was lowered by research analysts at Wells Fargo & Company from $5.00 to $4.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Wells Fargo & Company’s price target would indicate a potential downside of 13.23% from the stock’s previous close.

Separately, B. Riley decreased their price objective on shares of Service Properties Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. .

Check out the latest stock analysis on SVC

Confidence trading in services properties rose 0.2%

Shares of SVC stock opened at $4.61 on Friday. The company has a 50-day moving average of $5.01 and a 200-day moving average of $5.60. The company has a debt-to-equity ratio of 3.98, a current ratio of 0.01, and a quick ratio of 0.01. Service Properties Trust has a 1 year low of $4.26 and a 1 year high of $8.72. The stock has a market cap of $764.75 million, a PE ratio of -5.49 and a beta of 2.20.

Service Properties Trust (NASDAQ:SVC – Get Free Report ) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). Service Properties Trust had a negative net margin of 10.56% and a negative return on equity of 17.17%. The company had revenue of $512.95 million for the quarter, compared to analysts’ expectations of $509.33 million. During the same period last year, the company posted EPS of $0.58. As a group, sell-side analysts anticipate that Service Properties Trust will post 1.21 earnings per share for the current year.

Hedge funds influence the Trust for service properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. FinTrust Capital Advisors LLC boosted its holdings in Service Properties Trust by 137.9% in the first quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 3,436 shares in the last quarter. Xponance Inc. bought a new position in shares of Service Properties Trust in the second quarter valued at about $53,000. Choreo LLC purchased a new position in Service Properties Trust in the second quarter valued at about $54,000. Sequoia Financial Advisors LLC purchased a new position in Service Properties Trust during the 2nd quarter valued at approximately $68,000. Finally, NorthRock Partners LLC bought a new stake in Service Properties Trust in the first quarter worth about $75,000. Hedge funds and other institutional investors own 77.62% of the company’s shares.

About Service Properties Trust

(Get a free report)

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with more than $11 billion invested in two asset classes: hotels and service-focused net leased retail properties. As of December 31, 2023, SVC owned 221 hotels with more than 37,000 guest rooms in the United States and in Puerto Rico and Canada, the majority of which are extended stay and select services.

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