Service Properties Trust $SVC Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of Service Properties Trust (NASDAQ:SVC) by 61.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,712 shares of the real estate investment trust’s stock after purchasing an additional 25,767 shares during the quarter. Cetera Investment Advisers’ holdings in Service Properties Trust were worth $177,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SVC. Wells Fargo & Company MN grew its stake in Service Properties Trust by 15.4% in the 4th quarter. Wells Fargo & Company MN now owns 234,934 shares of the real estate investment trust’s stock valued at $597,000 after acquiring an additional 31,337 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Service Properties Trust by 16.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 376,899 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 54,549 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Service Properties Trust in the 4th quarter valued at about $1,038,000. Barclays PLC grew its stake in Service Properties Trust by 21.7% in the 4th quarter. Barclays PLC now owns 341,308 shares of the real estate investment trust’s stock valued at $866,000 after acquiring an additional 60,887 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Service Properties Trust by 41.1% in 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 acquiring an additional 13,975 shares during the last quarter. 77.62% of the stock is owned by institutional investors and hedge funds.

Service Properties Trust Trading Up 7.3%

NASDAQ SVC opened at $2.80 on Friday. Service Properties Trust has a one year low of $1.71 and a one year high of $5.00. The company’s 50 day moving average price is $2.61 and its 200 day moving average price is $2.44. The company has a debt-to-equity ratio of 5.79, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market capitalization of $467.21 million, a price-to-earnings ratio of -1.68 and a beta of 1.91.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. Service Properties Trust had a negative net margin of 14.73% and a negative return on equity of 34.61%. The company had revenue of $503.44 million during the quarter, compared to the consensus estimate of $497.53 million.

Service Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, July 21st were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.04 annualized dividend and a yield of 1.4%. Service Properties Trust’s dividend payout ratio (DPR) is -2.40%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Service Properties Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Service Properties Trust has a consensus rating of “Hold” and an average price target of $3.00.

Service Properties Trust 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.