Shares of Service Properties Trust (NASDAQ:SVC) traded today at $15.23, eclipsing its 52-week high. This new high was reached on below average trading volume as 359,000 shares traded hands, while the average 30-day volume is approximately 2.8 million shares.
Service Properties Trust (NASDAQ:SVC) is currently priced 36.9% above its average consensus analyst price target of $9.59.
In the past 52 weeks, shares of Service Properties Trust have traded between a low of $5.85 and a high of $15.23 and is now at $15.20, which is 160% above that low price.
Service Properties Trust is a real estate investment trust that owns hotel properties. These properties are located primarily in the United States, along with Canada and Puerto Rico. The company operates through its hotel real estate investment unit and travel center real estate investment unit. The firm derives the majority of its revenue from the hotel real estate investments unit. The hotels are distinguished between their service levels, which include full service, select service, and extended stay; and chain scale, which includes luxury, upper upscale, upscale, upper midscale, and midscale. Most hotels are extended stay or upscale. Some of the major hotel brands include Courtyard by Marriott, Royal Sonesta, Crowne Plaza Hotels & Resorts, and Hyatt Place.
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