1,266,573 Shares in Service Properties Trust $SVC Purchased by Nuveen LLC

Key Points

• Nuveen LLC purchased 1,266,573 shares of Service Properties Trust for approximately $3.3 million, owning about 0.76% of the company post-purchase.
• Service Properties Trust's stock has been downgraded from a "hold" rating to a "strong sell" by Zacks Research, with one analyst giving a Buy rating and an average target price of $3.00.
• The company recently declared a quarterly dividend of $0.01 per share, resulting in an annualized dividend yield of 1.5%.

Nuveen LLC bought a new stake in shares of Service Properties Trust (NASDAQ:SVC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,266,573 shares of the real estate investment trust's stock, valued at approximately $3,306,000. Nuveen LLC owned 0.76% of Service Properties Trust as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Wells Fargo & Company MN grew its position in Service Properties Trust by 15.4% in the 4th quarter. Wells Fargo & Company MN now owns 234,934 shares of the real estate investment trust's stock valued at $597,000 after purchasing an additional 31,337 shares during the period. Envestnet Asset Management Inc. grew its position in Service Properties Trust by 16.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 376,899 shares of the real estate investment trust's stock valued at $957,000 after purchasing an additional 54,549 shares during the period. Renaissance Technologies LLC acquired a new stake in Service Properties Trust in the 4th quarter valued at $1,038,000. Barclays PLC grew its position in Service Properties Trust by 21.7% in the 4th quarter. Barclays PLC now owns 341,308 shares of the real estate investment trust's stock valued at $866,000 after purchasing an additional 60,887 shares during the period. Finally, First Trust Advisors LP grew its position in Service Properties Trust by 41.1% in the 4th quarter. First Trust Advisors LP now owns 47,956 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 13,975 shares during the period. Institutional investors and hedge funds own 77.62% of the company's stock.

Service Properties Trust Stock Down 2.6%

SVC traded down $0.07 during mid-day trading on Tuesday, reaching $2.63. 898,701 shares of the stock were exchanged, compared to its average volume of 1,344,648. The company has a debt-to-equity ratio of 5.79, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a market capitalization of $438.84 million, a PE ratio of -1.57 and a beta of 1.86. The company has a 50 day moving average price of $2.65 and a two-hundred day moving average price of $2.44. Service Properties Trust has a 1 year low of $1.71 and a 1 year high of $5.00.

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

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, July 21st. Service Properties Trust's payout ratio is -2.40%.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $3.00.

Service Properties Trust Company 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.