Sei Investments Co. Buys 8,320 Shares of Service Properties Trust (NASDAQ:SVC)

Sei Investments Co. grew its stake in Service Properties Trust (NASDAQ:SVC) by 14.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,444 shares of the real estate investment trust’s stock after buying an additional 8,320 shares during the period. Sei Investments Co.’s holdings in Service Properties Trust were worth $342,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SVC. Capital Management Corp VA boosted its holdings in shares of Service Properties Trust by 11.9% during the 1st 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 during the period. Dimensional Fund Advisors LP grew its position in shares of Service Properties Trust by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,436,369 shares of the real estate investment trust’s stock valued at $12,522,000 after purchasing an additional 85,791 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Service Properties Trust by 5.4% in 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 purchasing an additional 46,417 shares during the period. Hennessy Advisors Inc. lifted its position in shares of Service Properties Trust by 44.0% during the 1st quarter. Hennessy Advisors Inc. now owns 418,800 shares of the real estate investment trust’s stock worth $2,839,000 after purchasing an additional 127,900 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Service Properties Trust by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 338,646 shares of the real estate investment trust’s stock valued at $2,291,000 after purchasing an additional 11,444 shares during the period. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Price Performance

NASDAQ SVC opened at $4.71 on Friday. The stock’s 50 day simple moving average is $4.69 and its 200 day simple moving average is $5.37. Service Properties Trust has a one year low of $4.26 and a one year high of $8.72. The firm has a market cap of $780.73 million, a PE ratio of -5.61 and a beta of 2.20. The company has a debt-to-equity ratio of 3.98, a current ratio of 0.01 and a quick ratio of 0.01.

Service Properties Trust (NASDAQ:SVC) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share 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 last year, the business posted $0.58 earnings per share. As a group, sell-side analysts forecast that Service Properties Trust will post 1.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SVC. Wells Fargo & Company dropped their price target 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. 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 research note on Friday, August 9th.

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.