Capstone Investment Advisors LLC Invests $542,000 in Service Properties Trust (NASDAQ:SVC)

Capstone Investment Advisors LLC acquired a new position in Service Properties Trust (NASDAQ:SVC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 213,521 shares of the real estate investment trust's stock, valued at approximately $542,000. Capstone Investment Advisors LLC owned about 0.13% of Service Properties Trust as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in Service Properties Trust by 87.1% in the fourth quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 4,942 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Service Properties Trust during the 4th quarter worth $39,000. Corient Private Wealth LLC purchased a new stake in Service Properties Trust in the 4th quarter worth about $41,000. Boothbay Fund Management LLC bought a new stake in Service Properties Trust in the 4th quarter valued at about $48,000. Finally, BNP Paribas Financial Markets purchased a new stake in Service Properties Trust during the fourth quarter valued at about $49,000. Hedge funds and other institutional investors own 77.62% of the company's stock.

Service Properties Trust Price Performance

Shares of NASDAQ SVC traded up $0.03 during midday trading on Friday, hitting $2.01. 2,286,874 shares of the company's stock were exchanged, compared to its average volume of 2,126,012. The business's fifty day moving average price is $2.24 and its two-hundred day moving average price is $2.58. 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 company has a market cap of $334.94 million, a price-to-earnings ratio of -1.37 and a beta of 1.77. Service Properties Trust has a 12-month low of $1.71 and a 12-month high of $6.34.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $435.18 million during the quarter, compared to analyst estimates of $433.21 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%.

Service Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.99%. Service Properties Trust's payout ratio is -2.12%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SVC. B. Riley assumed coverage on shares of Service Properties Trust in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 price target on the stock. Wells Fargo & Company raised Service Properties Trust from an "underweight" rating to an "overweight" rating and increased their price objective for the stock from $2.50 to $4.00 in a report on Wednesday, March 19th.

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.