Brian E. Donley Acquires 3,000 Shares of Service Properties Trust (NASDAQ:SVC) Stock

Service Properties Trust (NASDAQ:SVCGet Rating) CFO Brian E. Donley acquired 3,000 shares of the stock in a transaction that occurred on Friday, May 6th. The shares were bought at an average price of $6.60 per share, with a total value of $19,800.00. Following the completion of the purchase, the chief financial officer now owns 35,341 shares in the company, valued at $233,250.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

SVC stock traded down $0.53 during trading on Monday, reaching $6.18. 16,718 shares of the company’s stock were exchanged, compared to its average volume of 1,546,791. The company has a current ratio of 2.23, a quick ratio of 2.08 and a debt-to-equity ratio of 4.98. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -2.35 and a beta of 2.12. The company has a fifty day simple moving average of $8.35. Service Properties Trust has a 1-year low of $6.57 and a 1-year high of $15.39.

Service Properties Trust (NASDAQ:SVCGet Rating) last released its earnings results on Thursday, February 24th. The real estate investment trust reported ($1.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.67). Service Properties Trust had a negative return on equity of 28.63% and a negative net margin of 28.83%. During the same period last year, the business earned ($0.14) EPS. On average, analysts anticipate that Service Properties Trust will post 1.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Monday, April 25th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 0.65%. Service Properties Trust’s dividend payout ratio is currently -1.40%.

SVC has been the subject of a number of recent research reports. B. Riley lowered their price objective on Service Properties Trust from $13.00 to $11.00 in a research note on Monday. Zacks Investment Research upgraded Service Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Oppenheimer assumed coverage on Service Properties Trust in a research report on Thursday, April 21st. They set a “market perform” rating for the company.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC increased its position in shares of Service Properties Trust by 68.8% in the third quarter. Penserra Capital Management LLC now owns 4,550 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,855 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Service Properties Trust by 120.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,952 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 2,707 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Service Properties Trust by 15.6% in the third quarter. Van ECK Associates Corp now owns 7,653 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 1,034 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Service Properties Trust in the third quarter worth approximately $112,000. Finally, First Republic Investment Management Inc. purchased a new position in shares of Service Properties Trust in the fourth quarter worth approximately $89,000. 79.60% of the stock is currently owned by institutional investors.

About Service Properties Trust (Get Rating)

Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC's properties are primarily operated under long-term management or lease agreements.

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