Service Properties Trust upgraded by B. Riley Securities with a new price target
$SVC
Real Estate Investment Trusts
Real Estate
B. Riley Securities upgraded Service Properties Trust from Neutral to Buy and set a new price target of $15.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/23/2023 | $8.00 | Hold | HSBC Securities |
| 4/22/2022 | $8.50 | Perform | Oppenheimer |
| 2/28/2022 | $15.00 → $13.00 | Buy | B. Riley Securities |
| 10/18/2021 | Equal Weight → Underweight | Wells Fargo | |
| 8/10/2021 | $15.00 | Neutral → Buy | B. Riley Securities |
Service Properties Trust (NASDAQ:SVC) today announced its financial results for the quarter ended September 30, 2024, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106106064/en/ A conference call to discuss SVC's third quarter results will be held on Thursday, November 7, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if calling from outside the United States and Canada); a pass code is not required. A replay will be ava
Reduces Quarterly Distribution to $0.01 Per Share; $127 Million in Annual Savings Will Increase Liquidity 114 Sonesta Managed Focused Service Hotels Expected to be Sold in 2025; SVC Expects to Use Net Sales Proceeds to Repay Debt Actions are Expected to Reduce Capital Expenditures and Leverage, Improve Portfolio Performance and Better Position SVC's Hotel Portfolio for the Long Term Service Properties Trust (NASDAQ:SVC) today announced that SVC's Board of Trustees has reduced SVC's regular quarterly cash distribution on its common shares from $0.20 per common share ($0.80 per share per year) to $0.01 per common share ($0.04 per share per year). The dividend reduction will result in $127
Service Properties Trust (NASDAQ:SVC) today announced that it will issue a press release containing its third quarter 2024 results after the Nasdaq closes on Wednesday, November 6, 2024. On Thursday, November 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prio
Service Properties Trust (NASDAQ:SVC) today announced its financial results for the quarter ended September 30, 2024, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241106106064/en/ A conference call to discuss SVC's third quarter results will be held on Thursday, November 7, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if calling from outside the United States and Canada); a pass code is not required. A replay will be ava
Reduces Quarterly Distribution to $0.01 Per Share; $127 Million in Annual Savings Will Increase Liquidity 114 Sonesta Managed Focused Service Hotels Expected to be Sold in 2025; SVC Expects to Use Net Sales Proceeds to Repay Debt Actions are Expected to Reduce Capital Expenditures and Leverage, Improve Portfolio Performance and Better Position SVC's Hotel Portfolio for the Long Term Service Properties Trust (NASDAQ:SVC) today announced that SVC's Board of Trustees has reduced SVC's regular quarterly cash distribution on its common shares from $0.20 per common share ($0.80 per share per year) to $0.01 per common share ($0.04 per share per year). The dividend reduction will result in $127
Service Properties Trust (NASDAQ:SVC) today announced that it will issue a press release containing its third quarter 2024 results after the Nasdaq closes on Wednesday, November 6, 2024. On Thursday, November 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prio
Service Properties Trust (NASDAQ:SVC), or SVC, today announced that Jesse Abair has been appointed as Vice President. Mr. Abair is a Vice President of The RMR Group (NASDAQ:RMR), where he leads a team responsible for the sourcing, underwriting, design, entitlement and leasing of all development projects managed by RMR. He has more than 15 years of experience in commercial real estate development. Prior to joining RMR in 2017, Mr. Abair was a partner at a Boston law firm, where he managed a comprehensive real estate practice that included assisting clients with land use regulation and development matters. About Service Properties Trust Service Properties Trust (NASDAQ:SVC) is a real es
Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that Brian E. Donley has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2022. Mr. Donley has more than 25 years of commercial real estate experience, including expertise in corporate finance and reporting, mergers and acquisitions, capital market transactions and compliance. He has served in various finance and accounting leadership roles at The RMR Group (NASDAQ:RMR) since 1997 and has been promoted to a Senior Vice President of RMR, effective October 1, 2022. Mr. Donley also serves as Chief Financial Officer and Treasurer of Service Properties Trust (NASDAQ:SVC) and is a certified public ac
Service Properties Trust (NASDAQ:SVC) announced the results of its 2022 Annual Meeting of Shareholders, which was held earlier today, as follows. Laurie B. Burns was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For Laurie B. Burns 81.9% Robert E. Cramer was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For Robert E. Cramer 78.9
Mortgage rates are on a steady decline as investors have cemented expectations for upcoming reductions in the federal funds rate, yet mortgage demand continues to depict challenges among homebuyers. The Mortgage Bankers Association has reported Wednesday that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) dropped by 5 basis points to 6.62% for the week ending July 19, 2024. This marks the lowest borrowing cost for home purchases since early February 2024. Despite the decline in mortgage rates, long-term Treasury yields remained stable last week. The 30-year Treasury yield has held steady between 4.20% and 4.25%
As of July 22, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. InvenTrust Properties Corp (NYSE:IVT) InvenTrust Properties will report its second quarter e
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector. Brandywine Realty Trust (NYSE:BDN) Dividend Yield: 13.27% Truist Securities analyst Mic
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HSBC Securities initiated coverage of Service Properties Trust with a rating of Hold and set a new price target of $8.00
Oppenheimer initiated coverage of Service Properties Trust with a rating of Perform and set a new price target of $8.50
B. Riley Securities reiterated coverage of Service Properties Trust with a rating of Buy and set a new price target of $13.00 from $15.00 previously