PFG Investments LLC Has $165,000 Stock Holdings in Service Properties Trust (NASDAQ:SVC)

PFG Investments LLC grew its position in Service Properties Trust (NASDAQ:SVC) by 39.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,150 shares of the real estate investment trust’s stock after acquiring an additional 18,000 shares during the quarter. PFG Investments LLC’s holdings in Service Properties Trust were worth $165,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in shares of Service Properties Trust by 87.1% during the 4th quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 4,942 shares during the period. Family Wealth Partners LLC acquired a new position in Service Properties Trust during the first quarter worth $29,000. Tidal Investments LLC bought a new position in shares of Service Properties Trust during the fourth quarter valued at $33,000. Cibc World Markets Corp acquired a new stake in shares of Service Properties Trust in the 4th quarter valued at $39,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Service Properties Trust in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

Analyst Ratings Changes

SVC has been the subject of several analyst reports. Wells Fargo & Company raised shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $2.50 to $4.00 in a report on Wednesday, March 19th. B. Riley initiated coverage on shares of Service Properties Trust in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $2.00 target price for the company.

Service Properties Trust Stock Performance

Service Properties Trust stock opened at $2.44 on Friday. The stock has a 50-day simple moving average of $2.19 and a 200 day simple moving average of $2.43. The stock has a market capitalization of $406.60 million, a price-to-earnings ratio of -1.29 and a beta of 1.87. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 5.48. Service Properties Trust has a 12-month low of $1.71 and a 12-month high of $6.34.

Service Properties Trust (NASDAQ:SVC) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. Service Properties Trust had a negative net margin of 16.54% and a negative return on equity of 35.59%. The company had revenue of $435.18 million during the quarter, compared to the consensus estimate of $433.21 million.

Service Properties Trust Announces Dividend

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 of this dividend was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.64%. 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.