Service Properties Trust T.SVC

Primary Symbol: SVC

Service Properties Trust is a real estate investment trust. The Company operates through two segments: hotel investments and net lease investments. It owns a portfolio of hotels and net lease service and necessity-based retail properties. The Company owns over 221 hotels with approximately 37,000 rooms or suites located in over 36 states, in the District of Columbia, Ontario, Canada and San Juan, Puerto Rico. It owns approximately 752 service-oriented retail properties with over 13.3 million square feet located in approximately 42 states. The Company’s net lease portfolio is occupied by over 175 tenants, which is operating approximately 137 brands in over 21 industries. The Company's net lease portfolio is leased to tenants that include travel centers, quick service and casual dining restaurants, movie theaters, health and fitness centers, grocery stores, automotive parts and services and other businesses in service-oriented and necessity-based industries.

NDAQ:SVC - Post by User

Service Properties Trust

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Post by a1broker1on May 29, 2017 10:49am

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Post# 26295536

SVC target raised to $4.50 at TD

Another upgrade, TD raised the SVC target to $4.50. Here is an excerpt from the report..."A strategic buyer could offer significantly more than C$3.80. We estimate that if a buyer can reduce Sandvine's F2018 opex by only 10%, it could offer ~C$4.50 per share using the same multiple as Vector's offer."

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