Service Properties Trust (NASDAQ:SVC) Coverage Initiated at B. Riley

Research analysts at B. Riley began coverage on shares of Service Properties Trust (NASDAQ:SVC) in a note issued to investors on Tuesday. The firm set a “neutral” rating and a $2.00 price target on the real estate investment trust’s stock. B. Riley’s price target indicates a potential upside of 9.29% from the stock’s current price.

Separately, Wells Fargo & Company upgraded shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $2.50 to $4.00 in a research report on Wednesday, March 19th.

Service Properties Trust Price Performance

Shares of Service Properties Trust stock opened at $1.83 on Tuesday. The business has a 50-day moving average of $2.47 and a 200-day moving average of $2.80. Service Properties Trust has a 1-year low of $1.71 and a 1-year high of $6.42. The company has a market capitalization of $304.95 million, a PE ratio of -1.24 and a beta of 1.80. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. PFG Investments LLC lifted its position in Service Properties Trust by 39.9% in the first quarter. PFG Investments LLC now owns 63,150 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 18,000 shares during the period. Family Wealth Partners LLC bought a new position in Service Properties Trust during the first quarter worth about $29,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Service Properties Trust in the 1st quarter valued at approximately $65,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Service Properties Trust during the fourth quarter worth $626,000. Finally, Alpine Global Management LLC bought a new position in Service Properties Trust during the 4th quarter valued at about $200,000. 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 with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.