Barclays PLC Boosts Stock Position in Service Properties Trust (NASDAQ:SVC)

Barclays PLC grew its stake in shares of Service Properties Trust (NASDAQ:SVC) by 310.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,421 shares of the real estate investment trust’s stock after buying an additional 212,130 shares during the period. Barclays PLC owned 0.17% of Service Properties Trust worth $1,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position 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 valued at $28,705,000 after acquiring an additional 616,718 shares during the last quarter. Capital Management Corp VA lifted its position in Service Properties Trust by 9.6% during the third 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 purchasing an additional 453,944 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Service Properties Trust by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,436,369 shares of the real estate investment trust’s stock worth $12,522,000 after buying an additional 85,791 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Service Properties Trust by 395.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust’s stock worth $4,735,000 after acquiring an additional 828,765 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in 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 during the last quarter. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Down 3.1 %

Shares of NASDAQ:SVC opened at $2.49 on Monday. The stock’s 50-day moving average is $2.88 and its 200 day moving average is $4.19. The company has a market cap of $414.95 million, a PE ratio of -1.69 and a beta of 2.19. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. Service Properties Trust has a 1 year low of $2.29 and a 1 year high of $8.72.

Service Properties Trust (NASDAQ:SVC) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) EPS for the quarter, missing the consensus estimate 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 company had revenue of $491.17 million during the quarter, compared to analysts’ expectations of $497.97 million. During the same period in the prior year, the business posted $0.56 earnings per share. Sell-side analysts anticipate that Service Properties Trust will post 1.13 EPS for the current year.

Service Properties Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a dividend of $0.01 per share. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.61%. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.72%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company decreased their target price on shares of Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating on the stock in a research report on Monday, December 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.