Wealth Enhancement Advisory Services LLC Buys New Position in Service Properties Trust (NASDAQ:SVC)

Wealth Enhancement Advisory Services LLC bought a new stake in Service Properties Trust (NASDAQ:SVC) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 25,028 shares of the real estate investment trust’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in shares of Service Properties Trust by 87.1% during 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 last quarter. Sei Investments Co. boosted its stake in Service Properties Trust by 12.7% during the 4th quarter. Sei Investments Co. now owns 72,589 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 8,157 shares during the last quarter. ProShare Advisors LLC boosted its stake in Service Properties Trust by 34.9% during the 4th quarter. ProShare Advisors LLC now owns 46,463 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 12,027 shares during the last quarter. Tidal Investments LLC acquired a new position in Service Properties Trust during the 4th quarter valued at about $33,000. Finally, First Trust Advisors LP boosted its stake in Service Properties Trust by 41.1% during the 4th quarter. First Trust Advisors LP now owns 47,956 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 13,975 shares during the last quarter. 77.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Service Properties Trust Stock Performance

Shares of SVC opened at $2.79 on Friday. The stock has a 50 day moving average of $2.33 and a 200 day moving average of $2.43. The company has a current ratio of 0.04, a quick 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. The company has a market capitalization of $464.93 million, a price-to-earnings ratio of -1.48 and a beta of 1.86.

Service Properties Trust (NASDAQ:SVC) last released its 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 company had revenue of $435.18 million for the quarter, compared to analysts’ expectations of $433.21 million. Service Properties Trust had a negative return on equity of 35.59% and a negative net margin of 16.54%.

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, July 21st will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.43%. Service Properties Trust’s dividend payout ratio (DPR) is presently -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.