Vanguard Personalized Indexing Management LLC Sells 3,211 Shares of Service Properties Trust (NASDAQ:SVC)

Vanguard Personalized Indexing Management LLC cut its position in Service Properties Trust (NASDAQ:SVC) by 19.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,160 shares of the real estate investment trust’s stock after selling 3,211 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Service Properties Trust were worth $68,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Capital Management Corp VA grew its position in Service Properties Trust by 11.9% during the first quarter. Capital Management Corp VA now owns 3,630,775 shares of the real estate investment trust’s stock worth $24,617,000 after buying an additional 387,465 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Service Properties Trust by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,436,369 shares of the real estate investment trust’s stock worth $12,522,000 after buying an additional 85,791 shares in the last quarter. Norges Bank purchased a new position in Service Properties Trust during the fourth quarter worth about $9,333,000. Principal Financial Group Inc. grew its position in Service Properties Trust by 5.4% during the first quarter. Principal Financial Group Inc. now owns 910,440 shares of the real estate investment trust’s stock worth $6,173,000 after buying an additional 46,417 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Service Properties Trust by 14.9% during the fourth quarter. Allianz Asset Management GmbH now owns 846,736 shares of the real estate investment trust’s stock worth $7,231,000 after buying an additional 109,732 shares in the last quarter. 77.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SVC has been the subject of a number of research reports. B. Riley cut their price objective on Service Properties Trust from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 9th. Wells Fargo & Company cut their price objective on Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating for the company in a report on Friday, September 13th.

Service Properties Trust Stock Performance

Service Properties Trust stock opened at $4.57 on Wednesday. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 3.98. The company has a market capitalization of $757.52 million, a P/E ratio of -5.44 and a beta of 2.20. The stock’s 50 day moving average is $4.83 and its 200 day moving average is $5.45. Service Properties Trust has a twelve month low of $4.26 and a twelve month high of $8.72.

Service Properties Trust (NASDAQ:SVC) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.45) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.94). Service Properties Trust had a negative net margin of 10.56% and a negative return on equity of 17.17%. The business had revenue of $512.95 million for the quarter, compared to analysts’ expectations of $509.33 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. On average, equities research analysts predict that Service Properties Trust will post 1.21 earnings per share for the current fiscal year.

Service Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd were issued a dividend of $0.20 per share. The ex-dividend date was Monday, July 22nd. This represents a $0.80 annualized dividend and a dividend yield of 17.51%. Service Properties Trust’s payout ratio is -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.