Traders Buy High Volume of Service Properties Trust Call Options (NASDAQ:SVC)

Service Properties Trust (NASDAQ:SVC - Get Free Report) saw some unusual options trading on Tuesday. Stock traders purchased 13,102 call options on the company. This represents an increase of 11,393% compared to the typical daily volume of 114 call options.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SVC shares. B. Riley assumed coverage on shares of 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 raised their price target for the company from $2.50 to $4.00 in a report on Wednesday, March 19th.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC traded up $0.01 during midday trading on Friday, hitting $1.99. The company had a trading volume of 385,717 shares, compared to its average volume of 2,109,804. Service Properties Trust has a twelve month low of $1.71 and a twelve month high of $6.34. The stock has a market cap of $331.61 million, a price-to-earnings ratio of -1.35 and a beta of 1.77. The business's 50-day simple moving average is $2.25 and its 200-day simple moving average is $2.60. 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 issued its quarterly earnings data 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. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.01%. The ex-dividend date is Tuesday, April 22nd. Service Properties Trust's dividend payout ratio (DPR) is -2.12%.

Hedge Funds Weigh In On Service Properties Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its position in shares of 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 buying an additional 4,942 shares during the period. Family Wealth Partners LLC acquired a new position in shares of Service Properties Trust during the 1st quarter worth about $29,000. Principal Financial Group Inc. acquired a new position in Service Properties Trust in the 1st quarter valued at approximately $29,000. Signaturefd LLC grew its stake in shares of Service Properties Trust by 3,016.3% in the 1st 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 acquired a new position in shares of Service Properties Trust in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 77.62% of the company's stock.

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.