57,969 Shares in Service Properties Trust (NASDAQ:SVC) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in shares of Service Properties Trust (NASDAQ:SVC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 57,969 shares of the real estate investment trust’s stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SVC. FinTrust Capital Advisors LLC boosted its stake in Service Properties Trust by 137.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 3,436 shares during the last quarter. Choreo LLC acquired a new stake in Service Properties Trust during the 2nd quarter worth approximately $54,000. Sequoia Financial Advisors LLC acquired a new stake in Service Properties Trust during the 2nd quarter worth approximately $68,000. NorthRock Partners LLC acquired a new stake in Service Properties Trust during the 1st quarter worth approximately $75,000. Finally, MQS Management LLC acquired a new stake in Service Properties Trust during the 2nd quarter worth approximately $89,000. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Price Performance

NASDAQ SVC opened at $4.85 on Friday. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 3.98. Service Properties Trust has a 12-month low of $4.26 and a 12-month high of $8.72. The company has a market capitalization of $803.94 million, a PE ratio of -5.77 and a beta of 2.20. The firm’s 50 day moving average is $4.85 and its 200-day moving average is $5.48.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). Service Properties Trust had a negative net margin of 10.56% and a negative return on equity of 17.17%. The business had revenue of $512.95 million during the quarter, compared to analyst estimates of $509.33 million. During the same quarter last year, the business earned $0.58 earnings per share. Equities research analysts anticipate that Service Properties Trust will post 1.21 earnings per share for the current fiscal year.

Service Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 16.49%. Service Properties Trust’s dividend payout ratio (DPR) is presently -95.24%.

Analyst Ratings Changes

Several brokerages have commented on SVC. Wells Fargo & Company dropped their target price on shares of Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating on the stock in a report on Friday, September 13th. B. Riley dropped their target price on shares of Service Properties Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

Service Properties Trust Company Profile

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.