Service Properties Trust (NASDAQ:SVC) shares traded -5.03% lower at $3.78 on Wall Street last session.
SVC stock price is now -18.02% away from the 50-day moving average and -36.16% away from the 200-day moving average. The market capitalization of the company currently stands at $627.06M.
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With the price target of $8, HSBC Securities recently initiated with Hold rating for Service Properties Trust (NASDAQ: SVC). On April 22, 2022, Oppenheimer recently initiated its ‘Perform’ rating on the stock quoting a target price of $8.50, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Donley Brian E., CFO and Treasurer bought 3,000 shares of the company’s stock on May 23 ’24. The stock was bought for $16,310 at an average price of $5.44. Upon completion of the transaction, the CFO and Treasurer now directly owns 64,888 shares in the company, valued at $0.25 million. A total of 7.69% of the company’s stock is owned by insiders.
During the past 12 months, Service Properties Trust has had a low of $3.77 and a high of $8.72. The fifty day moving average price for SVC is $4.6108 and a two-hundred day moving average price translates $5.921 for the stock.
The latest earnings results from Service Properties Trust (NASDAQ: SVC) was released for 2024-06-30. The net profit margin was -10.57% and return on equity was -17.01% for SVC. The company reported revenue of $512.95 million for the quarter, compared to $503.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.82 percent.
