Nisa Investment Advisors LLC Sells 8,350 Shares of Service Properties Trust (NASDAQ:SVC)

Nisa Investment Advisors LLC lowered its stake in shares of Service Properties Trust (NASDAQ:SVC) by 16.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,591 shares of the real estate investment trust’s stock after selling 8,350 shares during the period. Nisa Investment Advisors LLC’s holdings in Service Properties Trust were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in Service Properties Trust by 121.5% in the first quarter. M&T Bank Corp now owns 38,868 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 21,320 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Service Properties Trust by 56.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 591,407 shares of the real estate investment trust’s stock valued at $1,544,000 after buying an additional 214,508 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in Service Properties Trust during the 1st quarter worth $100,000. Principal Financial Group Inc. bought a new position in Service Properties Trust during the first quarter worth about $29,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Service Properties Trust by 40.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,121 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 6,659 shares in the last quarter. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Down 1.9%

Service Properties Trust stock opened at $2.61 on Friday. The company has a 50 day moving average of $2.42 and a 200-day moving average of $2.44. 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 twelve month low of $1.71 and a twelve month high of $6.08. The stock has a market capitalization of $434.92 million, a PE ratio of -1.38 and a beta of 1.86.

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

Service Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, July 21st will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, July 21st. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.12%.

Wall Street Analyst Weigh In

Separately, B. Riley assumed coverage on 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.

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.