Two Sigma Investments LP Takes Position in Service Properties Trust (NASDAQ:SVC)

Two Sigma Investments LP acquired a new position in Service Properties Trust (NASDAQ:SVC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 711,368 shares of the real estate investment trust’s stock, valued at approximately $1,807,000. Two Sigma Investments LP owned about 0.43% of Service Properties Trust at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quadrant Capital Group LLC grew its position in Service Properties Trust by 87.1% in the 4th quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 4,942 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Service Properties Trust in the fourth quarter valued at about $33,000. Cibc World Markets Corp bought a new stake in shares of Service Properties Trust in the fourth quarter valued at about $39,000. Corient Private Wealth LLC acquired a new stake in Service Properties Trust during the fourth quarter worth about $41,000. Finally, Boothbay Fund Management LLC bought a new position in Service Properties Trust during the fourth quarter valued at about $48,000. 77.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SVC shares. Wells Fargo & Company raised Service Properties Trust from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $2.50 to $4.00 in a report on Wednesday, March 19th. B. Riley began coverage on shares of Service Properties Trust in a research note on Tuesday, April 22nd. They set a “neutral” rating and a $2.00 price target on the 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 stock has a market cap of $379.93 million, a PE ratio of -1.55 and a beta of 1.77. Service Properties Trust has a 1 year low of $1.71 and a 1 year high of $6.34. The stock has a 50 day simple moving average of $2.09 and a 200-day simple moving average of $2.47.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $435.18 million during the quarter, compared to the consensus estimate of $433.21 million. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%.

Service Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were given a $0.01 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.75%. Service Properties Trust’s payout ratio is -2.12%.

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.