Capital Management Corp VA lifted its stake in Service Properties Trust (NASDAQ:SVC - Free Report) by 37.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,666,165 shares of the real estate investment trust's stock after acquiring an additional 1,544,548 shares during the period. Service Properties Trust accounts for approximately 2.6% of Capital Management Corp VA's holdings, making the stock its 13th biggest position. Capital Management Corp VA owned approximately 3.40% of Service Properties Trust worth $14,789,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in SVC. Nantahala Capital Management LLC bought a new stake in shares of Service Properties Trust in the 4th quarter worth approximately $20,553,000. Balyasny Asset Management L.P. bought a new stake in shares of Service Properties Trust in the 4th quarter worth approximately $6,900,000. Jane Street Group LLC raised its holdings in shares of 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 worth $6,398,000 after purchasing an additional 2,437,613 shares in the last quarter. Whitebox Advisors LLC raised its holdings in shares of Service Properties Trust by 234.8% in the 4th quarter. Whitebox Advisors LLC now owns 2,144,899 shares of the real estate investment trust's stock worth $5,448,000 after purchasing an additional 1,504,297 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of Service Properties Trust in the 4th quarter worth approximately $3,593,000. 77.62% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, B. Riley began coverage on shares of Service Properties Trust in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $2.00 target price on the stock.
View Our Latest Analysis on SVC
Service Properties Trust Trading Down 1.3%
Shares of SVC stock traded down $0.04 during trading hours on Friday, reaching $2.63. 218,087 shares of the stock traded hands, compared to its average volume of 2,130,650. Service Properties Trust has a 1-year low of $1.71 and a 1-year high of $6.34. The business has a fifty day moving average price of $2.41 and a 200 day moving average price of $2.44. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 5.48. The firm has a market capitalization of $437.43 million, a PE ratio of -1.38 and a beta of 1.86.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. Service Properties Trust had a negative net margin of 16.54% and a negative return on equity of 35.59%. The business had revenue of $435.18 million for the quarter, compared to analyst estimates of $433.21 million.
Service Properties Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, July 21st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, July 21st. Service Properties Trust's payout ratio is presently -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.
See Also
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