BNP Paribas Financial Markets Makes New $49,000 Investment in Service Properties Trust (NASDAQ:SVC)

BNP Paribas Financial Markets bought a new position in shares of Service Properties Trust (NASDAQ:SVC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,403 shares of the real estate investment trust’s stock, valued at approximately $49,000.

Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake 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 buying an additional 4,942 shares during the period. Cibc World Markets Corp acquired a new position in shares of Service Properties Trust in the fourth quarter valued at approximately $39,000. Corient Private Wealth LLC acquired a new position in shares of Service Properties Trust in the fourth quarter valued at approximately $41,000. Boothbay Fund Management LLC acquired a new position in shares of Service Properties Trust in the fourth quarter valued at approximately $48,000. Finally, KBC Group NV increased 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 during the period. Institutional investors and hedge funds own 77.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SVC. Wells Fargo & Company upgraded 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 report on Wednesday, March 19th. B. Riley began coverage on Service Properties Trust in a report on Tuesday, April 22nd. They issued a “neutral” rating and a $2.00 target price on the stock.

Service Properties Trust Stock Performance

Shares of SVC stock opened at $2.31 on Wednesday. The business’s 50 day simple moving average is $2.08 and its 200 day simple moving average is $2.47. Service Properties Trust has a one year low of $1.71 and a one year high of $6.34. The stock has a market capitalization of $384.93 million, a PE ratio of -1.57 and a beta of 1.77. 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 (NASDAQ:SVC) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The business had revenue of $435.18 million for the quarter, compared to analysts’ expectations of $433.21 million.

Service Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, April 22nd. Service Properties Trust’s payout ratio is -2.12%.

About Service Properties Trust

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.