Service Properties Trust (NASDAQ:SVC) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Service Properties Trust (NASDAQ:SVC) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,436,369 shares of the real estate investment trust’s stock after acquiring an additional 85,791 shares during the period. Dimensional Fund Advisors LP owned 1.47% of Service Properties Trust worth $12,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC grew its stake in Service Properties Trust by 137.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 3,436 shares during the last quarter. Choreo LLC purchased a new stake in Service Properties Trust in the second quarter valued at approximately $54,000. NorthRock Partners LLC acquired a new position in Service Properties Trust in the 1st quarter worth approximately $75,000. Fortis Group Advisors LLC boosted its holdings in shares of Service Properties Trust by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 12,338 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 6,169 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Service Properties Trust in the second quarter worth $68,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Performance

SVC opened at $4.92 on Friday. The company has a market cap of $815.54 million, a price-to-earnings ratio of -5.86 and a beta of 2.20. The firm’s fifty day simple moving average is $4.75 and its two-hundred day simple moving average is $5.41. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 3.98. Service Properties Trust has a 52-week low of $4.26 and a 52-week high of $8.72.

Service Properties Trust (NASDAQ:SVC) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). The business had revenue of $512.95 million during the quarter, compared to analyst estimates of $509.33 million. Service Properties Trust had a negative net margin of 10.56% and a negative return on equity of 17.17%. During the same quarter in the previous year, the company posted $0.58 EPS. Equities analysts anticipate that Service Properties Trust will post 1.21 earnings per share for the current fiscal year.

Service Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 16.26%. The ex-dividend date of this dividend was Monday, July 22nd. Service Properties Trust’s dividend payout ratio is presently -95.24%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. B. Riley cut their target price on shares of 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 dropped their target price on Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, September 13th.

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.