Ieq Capital LLC Buys 13,269 Shares of Service Properties Trust $SVC

Ieq Capital LLC boosted its stake in Service Properties Trust (NASDAQ:SVC) by 75.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,781 shares of the real estate investment trust’s stock after acquiring an additional 13,269 shares during the quarter. Ieq Capital LLC’s holdings in Service Properties Trust were worth $80,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in Service Properties Trust during the 1st quarter worth about $29,000. Family Wealth Partners LLC bought a new stake in Service Properties Trust during the 1st quarter worth about $29,000. Signaturefd LLC lifted its position in Service Properties Trust by 3,016.3% during the 1st quarter. Signaturefd LLC now owns 11,873 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 11,492 shares in the last quarter. Tidal Investments LLC bought a new stake in Service Properties Trust during the 4th quarter worth about $33,000. Finally, PNC Financial Services Group Inc. lifted its position in Service Properties Trust by 160.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,531 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 9,562 shares in the last quarter. 77.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Service Properties Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $3.00.

Service Properties Trust Stock Down 2.4%

Service Properties Trust stock opened at $2.81 on Tuesday. The firm has a market capitalization of $468.88 million, a PE ratio of -1.68 and a beta of 1.86. The company’s 50-day moving average is $2.68 and its 200-day moving average is $2.44. Service Properties Trust has a fifty-two week low of $1.71 and a fifty-two week high of $5.00. The company has a debt-to-equity ratio of 5.79, a current ratio of 0.04 and a quick ratio of 0.04.

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

Service Properties Trust Dividend Announcement

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

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.