Aristeia Capital L.L.C. Buys New Position in Service Properties Trust $SVC

Aristeia Capital L.L.C. bought a new stake in shares of Service Properties Trust (NASDAQ:SVC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 56,828 shares of the real estate investment trust’s stock, valued at approximately $148,000.

Several other large investors also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its holdings in Service Properties Trust by 40.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,121 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 6,659 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in Service Properties Trust by 13.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 72,673 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 8,729 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Service Properties Trust by 160.2% during the first quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 9,562 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Service Properties Trust during the first quarter valued at approximately $29,000. Finally, Family Wealth Partners LLC purchased a new position in Service Properties Trust during the first quarter valued at approximately $29,000. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Price Performance

SVC stock opened at $2.81 on Tuesday. Service Properties Trust has a one year low of $1.71 and a one year high of $5.00. The company’s fifty day moving average price is $2.68 and its 200-day moving average price is $2.44. The company has a debt-to-equity ratio of 5.79, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market capitalization of $468.88 million, a PE ratio of -1.68 and a beta of 1.86.

Service Properties Trust (NASDAQ:SVC) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Service Properties Trust had a negative net margin of 14.73% and a negative return on equity of 34.61%. The firm had revenue of $503.44 million for the quarter, compared to the consensus estimate of $497.53 million.

Service Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, July 21st. Service Properties Trust’s payout ratio is -2.40%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Service Properties Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Service Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $3.00.

About Service Properties Trust

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.