Point72 Asia Singapore Pte. Ltd. Invests $602,000 in Service Properties Trust (NASDAQ:SVC)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Service Properties Trust (NASDAQ:SVC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 237,164 shares of the real estate investment trust's stock, valued at approximately $602,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.14% of Service Properties Trust at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Quadrant Capital Group LLC lifted 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 purchasing an additional 4,942 shares in the last quarter. Cibc World Markets Corp acquired a new stake in Service Properties Trust during the 4th quarter worth approximately $39,000. Corient Private Wealth LLC purchased a new position in Service Properties Trust in the 4th quarter valued at approximately $41,000. Boothbay Fund Management LLC acquired a new position in shares of Service Properties Trust in the fourth quarter worth $48,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Service Properties Trust in the fourth quarter worth $49,000. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Service Properties Trust Stock Performance

Shares of NASDAQ SVC traded down $0.01 during midday trading on Monday, reaching $2.21. 989,401 shares of the company were exchanged, compared to its average volume of 2,139,467. The stock has a market cap of $368.27 million, a P/E ratio of -1.50 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. The stock has a fifty day simple moving average of $2.18 and a 200 day simple moving average of $2.53. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) 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 business 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.81%. Service Properties Trust's dividend payout ratio (DPR) is presently -2.12%.

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.