Nisa Investment Advisors LLC Sells 4,245 Shares of Service Properties Trust (NASDAQ:SVC)

Nisa Investment Advisors LLC cut its position in Service Properties Trust (NASDAQ:SVC) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,941 shares of the real estate investment trust’s stock after selling 4,245 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Service Properties Trust were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SVC. Xponance Inc. acquired a new stake in shares of Service Properties Trust in the second quarter valued at approximately $53,000. Wolverine Trading LLC bought a new position in Service Properties Trust during the 3rd quarter worth $58,000. Walleye Capital LLC acquired a new position in Service Properties Trust in the 3rd quarter valued at $58,000. Family Wealth Partners LLC bought a new stake in shares of Service Properties Trust during the 3rd quarter valued at $69,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Service Properties Trust during the 3rd quarter worth $71,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Service Properties Trust Stock Performance

Shares of NASDAQ:SVC opened at $2.86 on Friday. Service Properties Trust has a 1 year low of $2.29 and a 1 year high of $7.97. The stock has a market capitalization of $476.62 million, a price-to-earnings ratio of -1.95 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. The company’s 50 day simple moving average is $2.64 and its 200 day simple moving average is $3.81.

Service Properties Trust (NASDAQ:SVC) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. The business 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.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Monday, January 27th. Service Properties Trust’s dividend payout ratio 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.