Cambridge Investment Research Advisors Inc. Buys 6,659 Shares of Service Properties Trust (NASDAQ:SVC)

Cambridge Investment Research Advisors Inc. raised its holdings in Service Properties Trust (NASDAQ:SVC) by 40.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 23,121 shares of the real estate investment trust’s stock after acquiring an additional 6,659 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Service Properties Trust were worth $60,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its stake in 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 worth $27,000 after buying an additional 4,942 shares during the last quarter. Sei Investments Co. increased its stake in Service Properties Trust by 12.7% in the fourth 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 in the last quarter. Family Wealth Partners LLC bought a new stake in Service Properties Trust in the first quarter valued at $29,000. ProShare Advisors LLC increased its stake in Service Properties Trust by 34.9% in the fourth 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 in the last quarter. Finally, Tidal Investments LLC acquired a new position in shares of Service Properties Trust during the fourth quarter valued at about $33,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on SVC. Wells Fargo & Company raised shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and upped their price objective for the stock 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 target price for the company.

Service Properties Trust Price Performance

Shares of Service Properties Trust stock opened at $2.73 on Wednesday. The firm has a market cap of $454.92 million, a PE ratio of -1.44 and a beta of 1.86. Service Properties Trust has a 12-month low of $1.71 and a 12-month high of $6.34. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 5.48. The company’s fifty day simple moving average is $2.38 and its two-hundred day simple moving average is $2.44.

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

Service Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, July 21st will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.04 dividend on an annualized basis and a yield of 1.47%. Service Properties Trust’s dividend payout ratio is currently -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.