Service Properties Trust Sees Unusually Large Options Volume (NASDAQ:SVC)

Service Properties Trust (NASDAQ:SVC - Get Free Report) was the target of some unusual options trading activity on Tuesday. Investors bought 13,102 call options on the company. This is an increase of 11,393% compared to the typical volume of 114 call options.

Analyst Upgrades and Downgrades

SVC has been the subject of a number of recent research reports. B. Riley assumed coverage on Service Properties Trust in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 price objective for the company. Wells Fargo & Company upgraded Service Properties Trust from an "underweight" rating to an "overweight" rating and lifted their price target for the stock from $2.50 to $4.00 in a research report on Wednesday, March 19th.

Service Properties Trust Trading Up 1.5 %

SVC traded up $0.03 on Friday, reaching $2.01. 2,286,874 shares of the company traded hands, compared to its average volume of 2,126,012. The firm has a fifty day simple moving average of $2.24 and a two-hundred day simple moving average of $2.58. The company has a market cap of $334.94 million, a P/E ratio of -1.37 and a beta of 1.77. Service Properties Trust has a one year low of $1.71 and a one year high of $6.34. 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 posted its 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 company had revenue of $435.18 million for the quarter, compared to analyst estimates of $433.21 million.

Service Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.99%. Service Properties Trust's dividend payout ratio (DPR) is -2.12%.

Hedge Funds Weigh In On Service Properties Trust

A number of institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its position in Service Properties Trust by 87.1% during the fourth 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 in the last quarter. Family Wealth Partners LLC acquired a new position in Service Properties Trust during the first quarter worth $29,000. Principal Financial Group Inc. acquired a new stake in shares of Service Properties Trust during the 1st quarter worth approximately $29,000. Signaturefd LLC raised its position in Service Properties Trust by 3,016.3% in the first quarter. Signaturefd LLC now owns 11,873 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 11,492 shares during the period. Finally, Tidal Investments LLC purchased a new position in Service Properties Trust during the fourth quarter worth about $33,000. 77.62% of the stock is owned by hedge funds and other institutional investors.

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.