Album Rating Reset will allow you to set the Album Rating and/or Album Loved for the albums of the selected tracks or the albums associated with the tracks in a selected playlist.
I had pretty much given up on Album Ratings as just more Songs View clutter. I'd hidden the Album Rating column in Songs View. When there's no avoiding it in Album Views I prefer the computed Album Rating that averages the album's track ratings. But now that I use Apple Music fairly regularly, the Loved settings for tracks, albums and playlists in my library actually work pretty well with shaping Apple Music recommendations.
So I updated Album Rating Reset from a version last updated in 2007 to include Album Loved. The older version would only work on one track a time. But this version works on the selected tracks' albums or the albums associated with the tracks in a selected playlist. I don't think there is a way in iTunes to apply an Album Rating or Album Love to multiple albums at a time except while in Albums View.
More information and download is on this page.