D. E. Shaw & Co. Inc. Takes Position in Service Properties Trust (NASDAQ:SVC)

D. E. Shaw & Co. Inc. bought a new position in shares of Service Properties Trust (NASDAQ:SVC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,414,633 shares of the real estate investment trust's stock, valued at approximately $3,593,000. D. E. Shaw & Co. Inc. owned 0.85% of Service Properties Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nantahala Capital Management LLC bought a new stake in shares of Service Properties Trust in the fourth quarter valued at about $20,553,000. Charles Schwab Investment Management Inc. increased its position in Service Properties Trust by 20.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust's stock valued at $19,188,000 after purchasing an additional 1,259,382 shares during the period. Geode Capital Management LLC increased its holdings in shares of Service Properties Trust by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,563,212 shares of the real estate investment trust's stock valued at $11,593,000 after acquiring an additional 53,389 shares during the period. Balyasny Asset Management L.P. bought a new position in shares of Service Properties Trust in the 4th quarter worth $6,900,000. Finally, Jane Street Group LLC lifted its stake in shares of Service Properties Trust by 2,999.1% during the 4th quarter. Jane Street Group LLC now owns 2,518,890 shares of the real estate investment trust's stock worth $6,398,000 after purchasing an additional 2,437,613 shares during the last quarter. Institutional investors own 77.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. B. Riley assumed coverage on Service Properties Trust in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $2.00 target price on the stock. Wells Fargo & Company upgraded shares of Service Properties Trust from an "underweight" rating to an "overweight" rating and raised their price target for the company from $2.50 to $4.00 in a report on Wednesday, March 19th.

Service Properties Trust Stock Up 3.3%

Shares of SVC stock traded up $0.07 during trading hours on Thursday, reaching $2.21. 1,485,214 shares of the company's stock were exchanged, compared to its average volume of 2,141,809. 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 $368.27 million, a price-to-earnings ratio of -1.50 and a beta of 1.77. Service Properties Trust has a fifty-two week low of $1.71 and a fifty-two week high of $6.34. The stock's 50 day moving average is $2.17 and its 200-day moving average is $2.52.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $435.18 million for 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, April 22nd. Service Properties Trust's payout ratio is currently -2.12%.

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.