Charles Schwab Investment Management Inc. Has $21.21 Million Position in Service Properties Trust $SVC

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Service Properties Trust by 7.6% during the first quarter, now owning 8,127,210 shares valued at approximately $21.21 million.
• Service Properties Trust's stock has faced a downgrade from Zacks Research, moving from a "hold" rating to a "strong sell," with a consensus rating of "Hold" and an average target price of $3.00.
• The company reported earnings of $0.35 per share in its last quarter, surpassing estimates, but displayed financial challenges with a negative return on equity of 34.61% and a net margin of -14.73%.

Charles Schwab Investment Management Inc. raised its holdings in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,127,210 shares of the real estate investment trust's stock after buying an additional 572,954 shares during the quarter. Charles Schwab Investment Management Inc. owned about 4.88% of Service Properties Trust worth $21,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in Service Properties Trust in the 1st quarter worth $29,000. Family Wealth Partners LLC bought a new position in Service Properties Trust during the first quarter valued at about $29,000. Signaturefd LLC increased its stake in Service Properties Trust by 3,016.3% during the first quarter. Signaturefd LLC now owns 11,873 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 11,492 shares during the period. Tidal Investments LLC acquired a new position in Service Properties Trust in the 4th quarter valued at approximately $33,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Service Properties Trust by 160.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the real estate investment trust's stock worth $41,000 after acquiring an additional 9,562 shares during the period. Institutional investors and hedge funds own 77.62% of the company's stock.

Service Properties Trust Price Performance

NASDAQ:SVC traded up $0.19 during mid-day trading on Friday, hitting $2.80. The company's stock had a trading volume of 1,600,797 shares, compared to its average volume of 1,512,487. The company has a market capitalization of $467.21 million, a price-to-earnings ratio of -1.68 and a beta of 1.91. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 5.79. Service Properties Trust has a fifty-two week low of $1.71 and a fifty-two week high of $5.00. The stock has a fifty day moving average of $2.61 and a 200-day moving average of $2.44.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Service Properties Trust had a negative return on equity of 34.61% and a negative net margin of 14.73%.The business had revenue of $503.44 million for the quarter, compared to analyst estimates of $497.53 million.

Service Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, July 21st. Service Properties Trust's dividend payout ratio (DPR) is currently -2.40%.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Service Properties Trust from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $3.00.

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.