Service Properties Trust (NASDAQ:SVC) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its stake in shares of Service Properties Trust (NASDAQ:SVC) by 34.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,463 shares of the real estate investment trust’s stock after buying an additional 12,027 shares during the period. ProShare Advisors LLC’s holdings in Service Properties Trust were worth $118,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV boosted its stake 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 during the last quarter. Empowered Funds LLC purchased a new position in Service Properties Trust during the fourth quarter worth about $96,000. Wolverine Asset Management LLC boosted its stake in Service Properties Trust by 300.5% in the 4th quarter. Wolverine Asset Management LLC now owns 174,903 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 131,237 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Service Properties Trust by 3,721.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 591,225 shares of the real estate investment trust’s stock worth $1,502,000 after buying an additional 575,754 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in Service Properties Trust in the 4th quarter valued at about $561,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Trading Down 1.7%

Shares of SVC opened at $2.28 on Tuesday. 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 firm has a market capitalization of $379.93 million, a P/E ratio of -1.55 and a beta of 1.77. The stock’s fifty day simple moving average is $2.09 and its 200 day simple moving average is $2.47. Service Properties Trust has a twelve month low of $1.71 and a twelve month high of $6.34.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $435.18 million during the quarter, compared to analyst estimates 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, April 22nd. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.12%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SVC shares. B. Riley began coverage on shares of Service Properties Trust in a report on Tuesday, April 22nd. They set a “neutral” rating and a $2.00 price objective on the stock. Wells Fargo & Company upgraded shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $2.50 to $4.00 in a report on Wednesday, March 19th.

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.