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wells fargo upgrades service properties trust rating to overweight with price target increase
Service Properties Trust (NASDAQ:SVC) has been upgraded from "underweight" to "overweight" by Wells Fargo & Company, with a new price target of $4.00, indicating a potential upside of 60.64%. The stock opened at $2.49, with a 12-month range of $2.29 to $6.85, and 77.62% of shares are held by institutional investors. The company owns 221 hotels across the U.S., Puerto Rico, and Canada, focusing on extended stay and select service properties.
service properties trust sees increased investment and analyst rating upgrades
Service Properties Trust (NASDAQ:SVC) saw a 20% increase in holdings by Charles Schwab Investment Management, which now owns 4.53% of the company. Analysts have raised the stock's rating from "underweight" to "overweight," with a new price target of $4.00. The company recently declared a quarterly dividend of $0.01 per share, reflecting a yield of 1.34%.
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