Hsbc Holdings PLC Buys 19,416 Shares of Service Properties Trust (NASDAQ:SVC)

Hsbc Holdings PLC grew its stake in shares of Service Properties Trust (NASDAQ:SVC) by 17.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,171 shares of the real estate investment trust’s stock after acquiring an additional 19,416 shares during the period. Hsbc Holdings PLC owned about 0.08% of Service Properties Trust worth $654,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. FinTrust Capital Advisors LLC grew its holdings 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 in the last quarter. Choreo LLC bought a new stake in Service Properties Trust during the 2nd quarter valued at $54,000. Sequoia Financial Advisors LLC purchased a new position in shares of Service Properties Trust in the 2nd quarter valued at $68,000. NorthRock Partners LLC purchased a new stake in shares of Service Properties Trust during the 1st quarter worth $75,000. Finally, EntryPoint Capital LLC boosted its position in Service Properties Trust by 143.5% during the first quarter. EntryPoint Capital LLC now owns 15,413 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 9,082 shares in the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Price Performance

Shares of SVC stock opened at $4.85 on Monday. Service Properties Trust has a fifty-two week low of $4.26 and a fifty-two week high of $8.72. The company has a debt-to-equity ratio of 3.98, a quick ratio of 0.01 and a current ratio of 0.01. The firm has a market capitalization of $803.94 million, a price-to-earnings ratio of -5.77 and a beta of 2.20. The stock’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $5.47.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings results 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 company had revenue of $512.95 million for the quarter, compared to analyst estimates of $509.33 million. During the same quarter in the previous year, the company posted $0.58 EPS. As a group, equities analysts forecast that Service Properties Trust will post 1.21 earnings per share for the current fiscal year.

Service Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were paid a dividend of $0.20 per share. The ex-dividend date was Monday, July 22nd. This represents a $0.80 annualized dividend and a yield of 16.49%. Service Properties Trust’s payout ratio is presently -95.24%.

Wall Street Analyst Weigh In

SVC has been the subject of several analyst reports. Wells Fargo & Company decreased their price target on shares of Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating for the company in a research report on Friday, September 13th. B. Riley cut their price target 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 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.