Service Properties Trust (NASDAQ:SVC) Holdings Cut 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 cut its holdings in Service Properties Trust (NASDAQ:SVC - Free Report) by 71.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 292,699 shares of the real estate investment trust's stock after selling 745,711 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Service Properties Trust worth $743,000 as of its most recent filing with the SEC.

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

Service Properties Trust Price Performance

SVC stock traded down $0.07 during mid-day trading on Friday, reaching $2.35. 1,439,368 shares of the company's stock were exchanged, compared to its average volume of 2,148,090. The stock's 50 day moving average is $2.09 and its 200 day moving average is $2.45. Service Properties Trust has a 12-month low of $1.71 and a 12-month high of $6.34. The company has a market cap of $391.59 million, a price-to-earnings ratio of -1.60 and a beta of 1.87. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last released its 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 22.67% and a negative net margin of 12.87%. The firm had revenue of $435.18 million during the quarter, compared to analyst estimates of $433.21 million.

Service Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a $0.01 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.70%. Service Properties Trust's dividend payout ratio (DPR) is presently -2.12%.

Analyst Ratings Changes

Several analysts have issued reports on SVC shares. Wells Fargo & Company raised Service Properties Trust from an "underweight" rating to an "overweight" rating and upped their target price for the stock 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 note on Tuesday, April 22nd. They issued a "neutral" rating and a $2.00 price objective on the stock.

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.