Service Properties Trust (NASDAQ:SVC) Trading Down 5.8% After Analyst Downgrade

Service Properties Trust (NASDAQ:SVC)’s share price dropped 5.8% during mid-day trading on Monday after B. Riley lowered their price target on the stock from $9.00 to $8.00. B. Riley currently has a buy rating on the stock. Service Properties Trust traded as low as $4.37 and last traded at $4.39. Approximately 422,760 shares were traded during trading, a decline of 61% from the average daily volume of 1,076,348 shares. The stock had previously closed at $4.66.

Institutional Trading of Service Properties Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Service Properties Trust during the 4th quarter valued at $9,333,000. Capital Management Corp VA boosted its holdings in Service Properties Trust by 14.8% during the 4th quarter. Capital Management Corp VA now owns 3,243,310 shares of the real estate investment trust’s stock worth $27,698,000 after acquiring an additional 417,225 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Service Properties Trust by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,798,087 shares of the real estate investment trust’s stock worth $23,896,000 after acquiring an additional 91,272 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in Service Properties Trust by 1.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 145,080 shares of the real estate investment trust’s stock worth $984,000 after acquiring an additional 2,476 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Service Properties Trust by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 23,113 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 3,800 shares during the last quarter. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Up 2.3 %

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 3.58. The stock has a market capitalization of $732.66 million, a PE ratio of -5.26 and a beta of 2.21. The stock’s fifty day simple moving average is $5.22 and its 200-day simple moving average is $6.09.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). The firm had revenue of $512.95 million for the quarter, compared to analysts’ expectations of $509.33 million. Service Properties Trust had a negative return on equity of 11.01% and a negative net margin of 7.29%. During the same period in the prior year, the firm earned $0.58 earnings per share. As a group, sell-side analysts forecast that Service Properties Trust will post 1.37 EPS for the current fiscal year.

Service Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 22nd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 18.10%. The ex-dividend date of this dividend is Monday, July 22nd. Service Properties Trust’s dividend payout ratio (DPR) is currently -95.24%.

Service Properties Trust Company Profile

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.