Service Properties Trust (NASDAQ:SVC) Coverage Initiated by Analysts at B. Riley

B. Riley assumed coverage on shares of Service Properties Trust (NASDAQ:SVC - Free Report) in a research note released on Tuesday. The firm issued a neutral rating and a $2.00 target price on the real estate investment trust's stock. B. Riley also issued estimates for Service Properties Trust's Q1 2025 earnings at $0.08 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.13 EPS, FY2025 earnings at $0.88 EPS and FY2026 earnings at $0.93 EPS.

Separately, Wells Fargo & Company raised shares of Service Properties Trust from an "underweight" rating to an "overweight" rating and upped their price objective for the stock from $2.50 to $4.00 in a research note on Wednesday, March 19th.

Service Properties Trust Stock Up 2.8 %

NASDAQ SVC traded up $0.05 on Tuesday, reaching $1.83. 1,034,839 shares of the stock traded hands, compared to its average volume of 2,080,894. 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 $304.95 million, a price-to-earnings ratio of -1.24 and a beta of 1.80. The company has a fifty day moving average price of $2.40 and a 200-day moving average price of $2.73. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03.

Service Properties Trust Announces Dividend

The firm also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Tuesday, April 22nd. Service Properties Trust's dividend payout ratio (DPR) is -2.40%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SVC. Barclays PLC boosted its position in Service Properties Trust by 310.6% during the third quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust's stock valued at $1,279,000 after purchasing an additional 212,130 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Service Properties Trust by 20.0% during the fourth 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 during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Service Properties Trust in the 4th quarter valued at about $828,000. Wolverine Asset Management LLC grew its position in shares of Service Properties Trust by 300.5% in the 4th quarter. Wolverine Asset Management LLC now owns 174,903 shares of the real estate investment trust's stock worth $444,000 after buying an additional 131,237 shares during the last quarter. Finally, CM Management LLC raised its stake in shares of Service Properties Trust by 50.0% during the 4th quarter. CM Management LLC now owns 450,000 shares of the real estate investment trust's stock worth $1,143,000 after acquiring an additional 150,000 shares in the last quarter. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

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.