Service Properties Trust (NASDAQ:SVC) Shares Sold by Fmr LLC

Fmr LLC lowered its stake in shares of Service Properties Trust (NASDAQ:SVC) by 25.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,652 shares of the real estate investment trust’s stock after selling 4,556 shares during the period. Fmr LLC’s holdings in Service Properties Trust were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Service Properties Trust by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,294,874 shares of the real estate investment trust’s stock worth $28,705,000 after buying an additional 616,718 shares during the last quarter. Capital Management Corp VA increased its holdings in Service Properties Trust by 9.6% during the 3rd quarter. Capital Management Corp VA now owns 5,174,563 shares of the real estate investment trust’s stock valued at $23,596,000 after acquiring an additional 453,944 shares in the last quarter. Dimensional Fund Advisors LP raised 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 acquiring an additional 85,791 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Service Properties Trust by 65.3% in the second quarter. AQR Capital Management LLC now owns 734,572 shares of the real estate investment trust’s stock valued at $3,607,000 after purchasing an additional 290,208 shares in the last quarter. Finally, Whitebox Advisors LLC grew its position in shares of Service Properties Trust by 167.7% in the second quarter. Whitebox Advisors LLC now owns 610,602 shares of the real estate investment trust’s stock valued at $3,138,000 after purchasing an additional 382,502 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Trading Up 0.8 %

Service Properties Trust stock opened at $2.46 on Wednesday. The stock has a market cap of $409.95 million, a PE ratio of -1.67 and a beta of 2.19. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The stock has a 50-day moving average price of $3.00 and a 200 day moving average price of $4.26. Service Properties Trust has a 52 week low of $2.29 and a 52 week high of $8.72.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings results 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). The firm had revenue of $491.17 million for the quarter, compared to analysts’ expectations of $497.97 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. During the same quarter last year, the firm earned $0.56 earnings per share. Equities research analysts predict that Service Properties Trust will post 1.13 earnings per share for the current fiscal year.

Service Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Monday, October 28th. Service Properties Trust’s dividend payout ratio is presently -2.72%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price objective on Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating for the company in a research report on Monday, December 9th.

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.