MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in Service Properties Trust (NASDAQ:SVC - Free Report) by 95.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 94,717 shares of the real estate investment trust's stock after selling 1,969,242 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Service Properties Trust worth $241,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SVC. Nantahala Capital Management LLC bought a new position in Service Properties Trust in the 4th quarter valued at $20,553,000. Charles Schwab Investment Management Inc. grew its position in Service Properties Trust by 20.0% in 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 acquiring an additional 1,259,382 shares during the last quarter. Geode Capital Management LLC grew its position in 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 last quarter. Balyasny Asset Management L.P. bought a new position in Service Properties Trust in the 4th quarter valued at $6,900,000. Finally, Jane Street Group LLC grew its position in Service Properties Trust by 2,999.1% in the 4th quarter. Jane Street Group LLC now owns 2,518,890 shares of the real estate investment trust's stock valued at $6,398,000 after acquiring an additional 2,437,613 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. Wells Fargo & Company raised Service Properties Trust from an "underweight" rating to an "overweight" rating and upped their price objective for the company from $2.50 to $4.00 in a research report on Wednesday, March 19th. B. Riley initiated coverage on Service Properties Trust in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 price target on the stock.
Check Out Our Latest Research Report on SVC
Service Properties Trust Stock Down 0.4%
Shares of SVC traded down $0.01 during midday trading on Thursday, reaching $2.27. 763,991 shares of the stock were exchanged, compared to its average volume of 2,148,174. Service Properties Trust has a 52 week low of $1.71 and a 52 week high of $6.34. 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's 50 day moving average is $2.07 and its two-hundred day moving average is $2.47. The company has a market capitalization of $378.26 million, a P/E ratio of -1.54 and a beta of 1.77.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The company had revenue of $435.18 million for the quarter, compared to the consensus estimate of $433.21 million.
Service Properties Trust Announces Dividend
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 dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, April 22nd. Service Properties Trust's payout ratio is currently -2.12%.
Service Properties Trust Company Profile
(
Free Report)
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.
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