Service Properties Trust (NASDAQ:SVC) Short Interest Update

Key Points

• Service Properties Trust saw a significant increase in short interest, rising by 49.3% to 6,030,000 shares in July, leading to a short-interest ratio of 4.0 days.
• Major hedge funds have increased their stakes in Service Properties Trust, with Millennium Management LLC and Two Sigma Advisers LP raising their positions by 279.7% and 805.0% respectively in the last quarter.
• The company reported earnings of $0.35 per share for the last quarter, beating estimates, while it also declared a quarterly dividend of $0.01 per share with a yield of 1.6%.

Service Properties Trust (NASDAQ:SVC - Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 6,030,000 shares, agrowthof49.3% from the June 30th total of 4,040,000 shares. Based on an average trading volume of 1,510,000 shares, the short-interest ratio is presently 4.0 days. Approximately3.9% of the company's stock are sold short. Approximately3.9% of the company's stock are sold short. Based on an average trading volume of 1,510,000 shares, the short-interest ratio is presently 4.0 days.

Institutional Trading of Service Properties Trust

Several institutional investors have recently made changes to their positions in SVC. Charles Schwab Investment Management Inc. grew its position in Service Properties Trust by 7.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,127,210 shares of the real estate investment trust's stock valued at $21,212,000 after buying an additional 572,954 shares during the period. Nantahala Capital Management LLC bought a new position in Service Properties Trust during the fourth quarter valued at about $20,553,000. Capital Management Corp VA grew its position in Service Properties Trust by 27.5% during the second quarter. Capital Management Corp VA now owns 7,225,765 shares of the real estate investment trust's stock valued at $17,270,000 after buying an additional 1,559,600 shares during the period. Geode Capital Management LLC grew its position in Service Properties Trust by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,563,212 shares of the real estate investment trust's stock valued at $11,593,000 after buying an additional 53,389 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Service Properties Trust by 114.8% during the first quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust's stock valued at $10,749,000 after buying an additional 2,200,754 shares during the period. Institutional investors own 77.62% of the company's stock.

Service Properties Trust Stock Down 7.7%

Shares of NASDAQ:SVC traded down $0.19 during midday trading on Friday, hitting $2.28. 1,759,612 shares of the company's stock were exchanged, compared to its average volume of 1,928,259. The company has a debt-to-equity ratio of 5.79, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a 50 day moving average price of $2.57 and a 200-day moving average price of $2.46. The company has a market cap of $380.44 million, a PE ratio of -1.37 and a beta of 1.91. Service Properties Trust has a 12 month low of $1.71 and a 12 month high of $5.00.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last posted its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The company had revenue of $503.44 million during the quarter, compared to the consensus estimate of $497.53 million. Service Properties Trust had a negative net margin of 14.73% and a negative return on equity of 34.61%.

Service Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be paid a $0.01 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.04 annualized dividend and a dividend yield of 1.8%. Service Properties Trust's dividend payout ratio is presently -2.40%.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on shares of Service Properties Trust in a report on Tuesday, April 22nd. They set 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.