Dimensional Fund Advisors LP lowered its stake in Service Properties Trust (NASDAQ:SVC - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,925,210 shares of the real estate investment trust's stock after selling 397,700 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.16% of Service Properties Trust worth $4,890,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the company. Barclays PLC increased its stake in Service Properties Trust by 310.6% in the 3rd quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust's stock worth $1,279,000 after acquiring an additional 212,130 shares during the last quarter. PFG Investments LLC purchased a new stake in Service Properties Trust during the 4th quarter valued at about $115,000. KBC Group NV boosted its stake in shares of Service Properties Trust by 140.6% during the fourth quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 11,491 shares during the period. EMC Capital Management grew its holdings in Service Properties Trust by 1,031.3% in the 4th quarter. EMC Capital Management now owns 24,459 shares of the real estate investment trust's stock worth $62,000 after acquiring an additional 22,297 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Service Properties Trust in the fourth quarter worth about $96,000. Hedge funds and other institutional investors own 77.62% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on SVC shares. B. Riley initiated coverage on shares of Service Properties Trust in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 price objective on the stock. Wells Fargo & Company upgraded shares of Service Properties Trust from an "underweight" rating to an "overweight" rating and upped their price target for the stock from $2.50 to $4.00 in a research note on Wednesday, March 19th.
Check Out Our Latest Stock Report on SVC
Service Properties Trust Stock Performance
Shares of NASDAQ:SVC traded up $0.01 during trading on Friday, hitting $2.22. The company's stock had a trading volume of 1,864,364 shares, compared to its average volume of 2,135,421. Service Properties Trust has a 12 month low of $1.71 and a 12 month high of $6.34. The company has a 50-day moving average of $2.19 and a 200-day moving average of $2.55. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market cap of $369.93 million, a price-to-earnings ratio of -1.51 and a beta of 1.77.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $435.18 million during the quarter, compared to the consensus estimate of $433.21 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%.
Service Properties Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders 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 yield of 1.80%. Service Properties Trust's dividend payout ratio is presently -2.12%.
About Service Properties Trust
(
Free Report)
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.
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