Service Properties Trust (NASDAQ:SVC) currently has a daily average trading volume of 1.18M but it saw 888230 shares traded on Thursday. With a market cap of 1.34B USD, stock’s current market price of $8.03 came falling about -0.12 while comparing to the previous closing price of $8.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.56 and as low as $4.52. In the recent trading on the day, stock has struck highest price mark of $8.14 while lowest mark touched by it was $7.975.
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Taking a look at 20-day trading activity of Service Properties Trust (SVC) gives us an average price of $8.37, while its current price level is -30.57% below from 52-week high level whereas it is 77.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.01 while that of 200 days or SMA-200 reads an average of $8.13. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.78% during that period while stretching the period over a month that increases to 3.79%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 34.11 which implies that the stock is in neutral territory.
Service Properties Trust (SVC)’s stock is currently under the radar of 4 analysts who are in consensus at a 12-month price target range of between $8.50 and $13.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $8.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $13.00. Average price target assigned by them is $10.75 which highlights an upside potential of 25.3% for the stock over that period. And to attain the median price target of $10.75 assigned by those analysts, stock has to add about 25.3% of value to its current levels.
Data by FactSet Research shows that 4 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, SVC’s stock price is moving -0.99% down while it is -6.08% when we observe its performance for the past one month. Year-to-date it is 10.15% up and over the past year, the stock is showing an upside performance of 43.15%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.16 beat the consensus estimate of -$0.29 for the same. The company is expected to be releasing its next quarterly report in 08/11/2023, for which analysts forecasted an EPS of -$0.01 while estimate for next year EPS is -$0.02. In next quarter, company is expected to be making quarterly sales of $501.12 million as analysts are expecting the sales for current fiscal year at $1.88 billion and seeing the company making $1.98 billion in sales next year. Moreover, analysts are in estimates of $505.35 million for current-quarter revenue.
Currently, Service Properties Trust’s total number of outstanding shares is 164.87M with 1.37% of that held by the insiders while 82.51% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.30% and return on equity (ROE) at 0.90%. It has a price to earnings ratio (P/E ratio) of 99.14. Stock’s beta reads 2.20. Stock has a price to book (P/B) ratio of 0.96 while price to sale or P/S ratio amounts to 0.70. Its return on asset (ROA) is 0.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by -0.15% in the Service Properties Trust (SVC) decreasing its stake to 7.26% with control over 17476.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF shunned 12,013,114 of company’s common stock of worth $105.36 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Service Properties Trust, as Vanguard Real Estate Index Fund dumped 7,270,887 shares of worth $63.77 million to bring its holdings to a total of 12419.0 shares. In the most recent quarter, Vanguard Total Stock Market ETF came rising its stake by 1.62% in the company and now holds 5.15 million or 3.11% of the company’s stake having worth of about 45.2 million.
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