Service Properties Trust (NASDAQ:SVC) Shares Sold by Creative Planning

Creative Planning lowered its position in shares of Service Properties Trust (NASDAQ:SVC) by 35.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,304 shares of the real estate investment trust’s stock after selling 68,335 shares during the period. Creative Planning owned about 0.07% of Service Properties Trust worth $562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Management Corp VA increased its position in shares of 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 purchasing an additional 387,465 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 85,791 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Service Properties Trust by 65.3% during the second quarter. AQR Capital Management LLC now owns 734,572 shares of the real estate investment trust’s stock worth $3,607,000 after purchasing an additional 290,208 shares in the last quarter. Whitebox Advisors LLC increased its position in shares of Service Properties Trust by 167.7% during the second quarter. Whitebox Advisors LLC now owns 610,602 shares of the real estate investment trust’s stock worth $3,138,000 after purchasing an additional 382,502 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Service Properties Trust by 6.0% during the second quarter. Public Sector Pension Investment Board now owns 364,727 shares of the real estate investment trust’s stock worth $1,875,000 after purchasing an additional 20,736 shares in the last quarter. Institutional investors and hedge funds own 77.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SVC shares. Wells Fargo & Company lowered their price target on Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating on the stock in a report on Friday, September 13th. B. Riley lowered their price target on Service Properties Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

Service Properties Trust Stock Performance

NASDAQ SVC opened at $2.96 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. Service Properties Trust has a 52-week low of $2.93 and a 52-week high of $8.72. The business’s 50-day moving average price is $4.32 and its 200 day moving average price is $4.98. The firm has a market cap of $491.03 million, a P/E ratio of -2.43 and a beta of 2.23.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $509.33 million. During the same period in the prior year, the firm posted $0.58 EPS. On average, equities research analysts expect that Service Properties Trust will post 1.21 earnings per share for the current year.

Service Properties Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, October 28th. Service Properties Trust’s dividend payout ratio is presently -3.28%.

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.