Stifel Financial Corp Reduces Stock Position in Service Properties Trust (NASDAQ:SVC)

Stifel Financial Corp trimmed its position in Service Properties Trust (NASDAQ:SVC) by 62.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,400 shares of the real estate investment trust’s stock after selling 20,822 shares during the quarter. Stifel Financial Corp’s holdings in Service Properties Trust were worth $31,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SVC. Quadrant Capital Group LLC increased its holdings 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 purchasing an additional 4,942 shares during the period. Cibc World Markets Corp acquired a new stake in Service Properties Trust during the fourth quarter worth $39,000. Corient Private Wealth LLC acquired a new stake in Service Properties Trust during the fourth quarter worth $41,000. KBC Group NV grew its stake in shares of Service Properties Trust by 140.6% in the fourth quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 11,491 shares in the last quarter. Finally, RPO LLC purchased a new position in Service Properties Trust in the fourth quarter valued at $56,000. 77.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SVC. B. Riley began coverage on Service Properties Trust in a report on Tuesday, April 22nd. They set a “neutral” rating and a $2.00 price target for the company. Wells Fargo & Company raised Service Properties Trust from an “underweight” rating to an “overweight” rating and upped their target price for the company from $2.50 to $4.00 in a research note on Wednesday, March 19th.

Service Properties Trust Trading Up 0.5%

NASDAQ:SVC opened at $2.22 on Friday. The business’s 50-day moving average is $2.18 and its two-hundred day moving average is $2.54. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. Service Properties Trust has a 12 month low of $1.71 and a 12 month high of $6.34. The firm has a market capitalization of $369.93 million, a PE ratio of -1.51 and a beta of 1.77.

Service Properties Trust (NASDAQ:SVC) last posted 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 return on equity of 22.67% and a negative net margin of 12.87%.

Service Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were issued a dividend of $0.01 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.80%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.12%.

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.