CW Advisors LLC Has $1.93 Million Stake in Service Properties Trust $SVC

Key Points

• CW Advisors LLC increased its position in Service Properties Trust by 38.2%, owning 739,277 shares valued at approximately $1.93 million as of its latest SEC filing.
• Service Properties Trust reported a quarterly earnings per share (EPS) of $0.35, exceeding the consensus estimate of $0.34, although it faced a negative net margin of 14.73%.
• The company announced a quarterly dividend of $0.01 per share, representing a dividend yield of 1.4%, despite a negative payout ratio of -2.40%.

CW Advisors LLC lifted its position in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 38.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 739,277 shares of the real estate investment trust's stock after acquiring an additional 204,255 shares during the quarter. CW Advisors LLC owned approximately 0.44% of Service Properties Trust worth $1,930,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SVC. Principal Financial Group Inc. bought a new position in shares of Service Properties Trust in the first quarter valued at approximately $29,000. Family Wealth Partners LLC bought a new stake in Service Properties Trust in the 1st quarter worth approximately $29,000. Signaturefd LLC grew its stake in shares of Service Properties Trust by 3,016.3% during the first quarter. Signaturefd LLC now owns 11,873 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 11,492 shares during the last quarter. Tidal Investments LLC bought a new stake in Service Properties Trust during the 4th quarter valued at $33,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Service Properties Trust by 160.2% during the first quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the real estate investment trust's stock valued at $41,000 after buying an additional 9,562 shares during the period. 77.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Service Properties Trust from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $3.00.

Service Properties Trust Stock Performance

Shares of Service Properties Trust stock traded down $0.02 during trading on Friday, hitting $2.70. 870,489 shares of the stock were exchanged, compared to its average volume of 1,450,313. The stock has a market cap of $450.52 million, a PE ratio of -1.62 and a beta of 1.91. The company has a debt-to-equity ratio of 5.79, a quick ratio of 0.04 and a current ratio of 0.04. Service Properties Trust has a 12 month low of $1.71 and a 12 month high of $5.00. The stock's fifty day moving average is $2.64 and its 200 day moving average is $2.44.

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

Service Properties Trust Dividend Announcement

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

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.