Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC - Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totaling 3,830,000 shares, a decrease of 23.4% from the July 31st total of 5,000,000 shares. Currently, 2.5% of the company's stock are sold short. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily trading volume, of 1,350,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.5% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms have commented on SVC. Zacks Research downgraded shares of Service Properties Trust from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $2.50 price target (down from $3.00) on shares of Service Properties Trust in a research report on Wednesday. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Service Properties Trust currently has an average rating of "Reduce" and a consensus price target of $2.25.

Service Properties Trust Stock Performance

Shares of NASDAQ SVC traded down $0.06 during mid-day trading on Friday, hitting $2.85. The company had a trading volume of 968,742 shares, compared to its average volume of 898,045. 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 business's 50-day simple moving average is $2.70 and its 200-day simple moving average is $2.45. Service Properties Trust has a 12 month low of $1.71 and a 12 month high of $5.00. The firm has a market cap of $475.55 million, a P/E ratio of -1.71 and a beta of 1.86.

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

Service Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, July 21st. Service Properties Trust's dividend payout ratio (DPR) is presently -2.40%.

Institutional Investors Weigh In On Service Properties Trust

Several hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake 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 worth $10,749,000 after purchasing an additional 2,200,754 shares during the period. Capital Management Corp VA raised its stake in shares of Service Properties Trust by 27.5% in 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 acquiring an additional 1,559,600 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Service Properties Trust in the fourth quarter valued at approximately $3,593,000. Millennium Management LLC raised its stake in shares of Service Properties Trust by 279.7% in the fourth quarter. Millennium Management LLC now owns 1,858,949 shares of the real estate investment trust's stock valued at $4,722,000 after acquiring an additional 1,369,306 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Service Properties Trust in the first quarter valued at approximately $3,306,000. Institutional investors own 77.62% of the company's 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.