Two Sigma Investments LP bought a new position in Service Properties Trust (NASDAQ:SVC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 711,368 shares of the real estate investment trust's stock, valued at approximately $1,807,000. Two Sigma Investments LP owned approximately 0.43% of Service Properties Trust at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake 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 worth $27,000 after buying an additional 4,942 shares during the period. Tidal Investments LLC purchased a new position in shares of Service Properties Trust in the fourth quarter worth $33,000. Cibc World Markets Corp purchased a new position in shares of Service Properties Trust in the fourth quarter worth $39,000. Corient Private Wealth LLC purchased a new position in shares of Service Properties Trust in the fourth quarter worth $41,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Service Properties Trust in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 77.62% of the company's stock.
Service Properties Trust Stock Down 1.3%
Service Properties Trust stock traded down $0.03 on Wednesday, hitting $2.28. 1,074,343 shares of the stock traded hands, compared to its average volume of 2,144,807. The business's fifty day simple moving average is $2.08 and its 200 day simple moving average is $2.47. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The firm has a market cap of $379.93 million, a P/E ratio of -1.55 and a beta of 1.77. Service Properties Trust has a 1 year low of $1.71 and a 1 year high of $6.34.
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, topping the consensus estimate of $0.05 by $0.02. The firm had revenue of $435.18 million during the quarter, compared to analyst estimates of $433.21 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%.
Service Properties Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, April 22nd. Service Properties Trust's dividend payout ratio is presently -2.12%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. B. Riley assumed coverage on Service Properties Trust in a research note on Tuesday, April 22nd. They issued a "neutral" rating and a $2.00 price target for the company. Wells Fargo & Company raised Service Properties Trust from an "underweight" rating to an "overweight" rating and raised their price objective for the company from $2.50 to $4.00 in a research report on Wednesday, March 19th.
Check Out Our Latest Report on Service Properties Trust
About Service Properties Trust
(
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.
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