Service Properties Trust (NASDAQ:SVC) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP increased its stake in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 805.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,900 shares of the real estate investment trust's stock after purchasing an additional 356,600 shares during the period. Two Sigma Advisers LP owned 0.24% of Service Properties Trust worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Quadrant Capital Group LLC raised its position in shares of Service Properties Trust by 87.1% in the fourth quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 4,942 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Service Properties Trust in the fourth quarter valued at approximately $33,000. Cibc World Markets Corp acquired a new position in Service Properties Trust in the 4th quarter valued at $39,000. Corient Private Wealth LLC acquired a new position in Service Properties Trust in the 4th quarter valued at $41,000. Finally, Boothbay Fund Management LLC acquired a new position in Service Properties Trust in the 4th quarter valued at $48,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Trading Down 1.7%

Shares of Service Properties Trust stock traded down $0.04 during trading hours on Wednesday, hitting $2.27. The company's stock had a trading volume of 682,679 shares, compared to its average volume of 2,143,447. 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 of $2.08 and a 200 day moving average of $2.47. The company has a market capitalization of $378.26 million, a PE ratio of -1.54 and a beta of 1.77. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $435.18 million during the quarter, compared to the consensus estimate of $433.21 million.

Service Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.76%. The ex-dividend date was Tuesday, April 22nd. Service Properties Trust's dividend payout ratio (DPR) is -2.12%.

Analysts Set New Price Targets

Several brokerages have weighed in on SVC. Wells Fargo & Company upgraded Service Properties Trust from an "underweight" rating to an "overweight" rating and boosted their price target for the company from $2.50 to $4.00 in a report on Wednesday, March 19th. B. Riley initiated coverage on Service Properties Trust in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $2.00 target price for the company.

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.