MQS Management LLC Acquires Shares of 17,294 Service Properties Trust (NASDAQ:SVC)

MQS Management LLC bought a new position in Service Properties Trust (NASDAQ:SVC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,294 shares of the real estate investment trust’s stock, valued at approximately $89,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SVC. Hsbc Holdings PLC boosted its stake in shares of Service Properties Trust by 17.9% in the second quarter. Hsbc Holdings PLC now owns 128,171 shares of the real estate investment trust’s stock valued at $654,000 after buying an additional 19,416 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 worth $12,522,000 after acquiring an additional 85,791 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in Service Properties Trust by 25.5% in the second quarter. Texas Permanent School Fund Corp now owns 182,043 shares of the real estate investment trust’s stock valued at $936,000 after acquiring an additional 36,963 shares during the period. Choreo LLC purchased a new stake in shares of Service Properties Trust during the 2nd quarter worth $54,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Service Properties Trust by 48.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,820 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 12,374 shares during the period. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Trading Down 1.2 %

NASDAQ:SVC opened at $4.90 on Friday. Service Properties Trust has a 52-week low of $4.26 and a 52-week high of $8.72. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 3.98. The stock has a fifty day simple moving average of $4.96 and a 200-day simple moving average of $5.53. The company has a market capitalization of $812.22 million, a PE ratio of -5.83 and a beta of 2.20.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). The business had revenue of $512.95 million for the quarter, compared to analyst estimates of $509.33 million. Service Properties Trust had a negative return on equity of 17.17% and a negative net margin of 10.56%. During the same quarter in the previous 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 fiscal year.

Service Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 16.33%. The ex-dividend date was Monday, July 22nd. Service Properties Trust’s payout ratio is currently -95.24%.

Wall Street Analyst Weigh In

Several analysts recently commented on SVC shares. Wells Fargo & Company reduced their price objective on shares of Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating for the company in a research note on Friday, September 13th. B. Riley decreased their price target on Service Properties Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Service Properties Trust 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.