Service Properties Trust (NASDAQ:SVC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Service Properties Trust (NASDAQ:SVC - Free Report) by 71.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 292,699 shares of the real estate investment trust's stock after selling 745,711 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Service Properties Trust worth $743,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Service Properties Trust by 20.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust's stock valued at $19,188,000 after buying an additional 1,259,382 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Service Properties Trust by 279.7% in the fourth quarter. Millennium Management LLC now owns 1,858,949 shares of the real estate investment trust's stock valued at $4,722,000 after purchasing an additional 1,369,306 shares during the period. Bank of America Corp DE increased its position in Service Properties Trust by 140.3% during the fourth quarter. Bank of America Corp DE now owns 440,652 shares of the real estate investment trust's stock worth $1,119,000 after purchasing an additional 257,260 shares during the last quarter. Two Sigma Advisers LP increased its position in Service Properties Trust by 805.0% during the fourth quarter. Two Sigma Advisers LP now owns 400,900 shares of the real estate investment trust's stock worth $1,018,000 after purchasing an additional 356,600 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Service Properties Trust during the fourth quarter worth about $828,000. Institutional investors and hedge funds own 77.62% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company raised shares of Service Properties Trust from an "underweight" rating to an "overweight" rating and increased their price target for the company from $2.50 to $4.00 in a research note on Wednesday, March 19th. B. Riley initiated 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.

Service Properties Trust Trading Down 2.9%

NASDAQ SVC traded down $0.07 during trading hours on Friday, reaching $2.35. The company had a trading volume of 1,439,368 shares, compared to its average volume of 2,141,949. 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 stock has a market capitalization of $391.59 million, a P/E ratio of -1.60 and a beta of 1.87. The stock has a 50-day moving average of $2.08 and a 200 day moving average of $2.46. 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 data on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. The firm had revenue of $435.18 million during the quarter, compared to analysts' expectations of $433.21 million.

Service Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were paid a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.70%. Service Properties Trust's payout ratio is presently -2.12%.

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.