Service Properties Trust (NASDAQ:SVC) Holdings Reduced by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in Service Properties Trust (NASDAQ:SVC) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 130,271 shares of the real estate investment trust’s stock after selling 7,334 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Service Properties Trust worth $594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Xponance Inc. bought a new position in shares of Service Properties Trust in the second quarter valued at approximately $53,000. Choreo LLC bought a new position in shares of Service Properties Trust in the second quarter valued at approximately $54,000. Sequoia Financial Advisors LLC bought a new position in shares of Service Properties Trust in the second quarter valued at approximately $68,000. Family Wealth Partners LLC bought a new position in shares of Service Properties Trust in the third quarter valued at approximately $69,000. Finally, Metis Global Partners LLC boosted its holdings in shares of Service Properties Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 18,082 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 5,056 shares in the last quarter. Institutional investors own 77.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SVC. B. Riley decreased their price objective 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 reduced their target price on shares of Service Properties Trust from $4.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday, November 26th.

Service Properties Trust Stock Down 0.7 %

Shares of NASDAQ:SVC opened at $2.81 on Thursday. The firm has a 50 day simple moving average of $3.56 and a 200 day simple moving average of $4.53. Service Properties Trust has a 52 week low of $2.47 and a 52 week high of $8.72. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market cap of $468.28 million, a PE ratio of -1.91 and a beta of 2.19.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The firm had revenue of $491.17 million during the quarter, compared to analyst estimates of $497.97 million. During the same period in the prior year, the business posted $0.56 EPS. As a group, research analysts expect that Service Properties Trust will post 1.13 earnings per share for the current year.

Service Properties Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.42%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

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.