Service Properties Trust (NASDAQ: SVC) is among a handful of real estate investment trusts (REITs) making the list of stocks hitting new highs. Many REITs have rallied off of their October lows, but only a few have shown the kind of price strength recently seen in Service Properties Trust.
TravelCenters Of America's (NASDAQ:TA) short percent of float has fallen 4.32% since its last report. The company recently reported that it has 587 thousand shares sold short, which is 4.21% of all regular shares that are available for trading.
TravelCenters Of America (NASDAQ:TA) reported quarterly earnings of $2.99 per share which beat the analyst consensus estimate of $1.34 by 123.13 percent. This is a 235.96 percent increase over earnings of $0.89 per share
B. Riley Securities analyst Bryan Maher downgrades TravelCenters Of America (NASDAQ:TA) from Buy to Neutral and raises the price target from $75 to $86.
U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping around 100 points on Thursday.
The Dow traded down 0.29% to 34,027.87 while the NASDAQ fell 0.39% to 12,023.08. The S&P 500 also fell, dropping, 0.30% to 4,134.95.
Gainers
TravelCenters of America Inc. (NASDAQ: TA) shares jumped 70.5% to $84.32 after BP announced it will acquire the company for $86 per share in cash.
U.S. stocks traded lower midway through trading, with the Dow Jones dropping around 200 points on Thursday.
The Dow traded down 0.61% to 33,921.27 while the NASDAQ fell 0.61% to 11,997.21. The S&P 500 also fell, dropping, 0.60% to 4,122.69.