Service Properties Trust (NASDAQ:SVC) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 56.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 591,407 shares of the real estate investment trust's stock after purchasing an additional 214,508 shares during the quarter. Envestnet Asset Management Inc. owned 0.35% of Service Properties Trust worth $1,544,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nantahala Capital Management LLC purchased a new stake in shares of Service Properties Trust in the fourth quarter valued at $20,553,000. Balyasny Asset Management L.P. purchased a new stake in shares of Service Properties Trust in the fourth quarter valued at $6,900,000. Jane Street Group LLC grew its position in shares of Service Properties Trust by 2,999.1% in the fourth 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 purchasing an additional 2,437,613 shares during the period. Whitebox Advisors LLC grew its position in shares of Service Properties Trust by 234.8% in the fourth quarter. Whitebox Advisors LLC now owns 2,144,899 shares of the real estate investment trust's stock valued at $5,448,000 after purchasing an additional 1,504,297 shares during the period. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Service Properties Trust in the fourth quarter valued at $3,593,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Service Properties Trust Trading Down 1.5%

SVC stock traded down $0.04 during trading on Friday, reaching $2.59. 1,589,105 shares of the stock traded hands, compared to its average volume of 1,459,139. The business's 50 day moving average price is $2.54 and its 200-day moving average price is $2.46. Service Properties Trust has a 52-week low of $1.71 and a 52-week high of $5.60. The company has a debt-to-equity ratio of 5.48, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market capitalization of $431.60 million, a PE ratio of -1.37 and a beta of 1.91.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last posted 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 return on equity of 35.59% and a negative net margin of 16.54%. The firm had revenue of $435.18 million during the quarter, compared to the consensus estimate of $433.21 million.

Service Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders 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 1.5%. The ex-dividend date of this dividend is Monday, July 21st. Service Properties Trust's payout ratio is -2.12%.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on Service Properties Trust in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $2.00 price objective for the company.

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.