Service Properties Trust (NASDAQ:SVC) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL decreased its holdings in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 61.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,647 shares of the real estate investment trust's stock after selling 200,716 shares during the period. Tudor Investment Corp ET AL owned approximately 0.08% of Service Properties Trust worth $319,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SVC. Quadrant Capital Group LLC boosted its stake in shares of Service Properties Trust by 87.1% in the fourth quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 4,942 shares in the last quarter. Sei Investments Co. lifted its holdings in Service Properties Trust by 12.7% in the fourth quarter. Sei Investments Co. now owns 72,589 shares of the real estate investment trust's stock valued at $185,000 after acquiring an additional 8,157 shares during the period. KBC Group NV boosted its position in shares of Service Properties Trust by 140.6% during the 4th quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 11,491 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Service Properties Trust by 41.1% during the 4th quarter. First Trust Advisors LP now owns 47,956 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 13,975 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in Service Properties Trust during the fourth quarter worth about $39,000. 77.62% of the stock is owned by hedge funds and other institutional investors.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC traded up $0.03 on Thursday, hitting $2.22. The company had a trading volume of 246,692 shares, compared to its average volume of 2,128,362. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The company has a market cap of $369.10 million, a PE ratio of -1.51 and a beta of 1.77. Service Properties Trust has a 52-week low of $1.71 and a 52-week high of $6.34. The business has a 50 day moving average of $2.20 and a 200 day moving average of $2.56.

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 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The business had revenue of $435.18 million during the quarter, compared to the consensus estimate of $433.21 million. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.81%. Service Properties Trust's dividend payout ratio (DPR) is presently -2.12%.

Analyst Ratings Changes

A number of analysts have commented on the company. B. Riley started coverage on Service Properties Trust in a research report 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 note on Wednesday, March 19th.

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.