Service Properties Trust (NASDAQ:SVC) Shares Sold by Baugh & Associates LLC

Baugh & Associates LLC reduced its stake in shares of Service Properties Trust (NASDAQ:SVC) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 269,810 shares of the real estate investment trust’s stock after selling 17,786 shares during the period. Baugh & Associates LLC owned 0.16% of Service Properties Trust worth $672,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SVC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Service Properties Trust by 395.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust’s stock worth $4,735,000 after purchasing an additional 828,765 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Service Properties Trust by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,294,874 shares of the real estate investment trust’s stock worth $28,705,000 after buying an additional 616,718 shares during the last quarter. Capital Management Corp VA raised its position in shares of Service Properties Trust by 9.6% during the 3rd quarter. Capital Management Corp VA now owns 5,174,563 shares of the real estate investment trust’s stock valued at $23,596,000 after buying an additional 453,944 shares during the period. Whitebox Advisors LLC lifted its holdings in Service Properties Trust by 167.7% in the second quarter. Whitebox Advisors LLC now owns 610,602 shares of the real estate investment trust’s stock valued at $3,138,000 after acquiring an additional 382,502 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Service Properties Trust by 65.3% during the second quarter. AQR Capital Management LLC now owns 734,572 shares of the real estate investment trust’s stock worth $3,607,000 after acquiring an additional 290,208 shares during the last quarter. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their target price on Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating on the stock in a research report on Monday, December 9th.

Service Properties Trust Trading Up 2.0 %

Shares of SVC stock opened at $2.60 on Monday. Service Properties Trust has a 1-year low of $2.29 and a 1-year high of $8.14. The firm has a market cap of $433.29 million, a PE ratio of -1.77 and a beta of 2.19. The company has a 50-day moving average of $2.64 and a two-hundred day moving average of $3.93. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03.

Service Properties Trust (NASDAQ:SVC) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.65). Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. The company had revenue of $491.17 million during the quarter, compared to analyst estimates of $497.97 million. During the same quarter last year, the business posted $0.56 EPS. On average, analysts predict that Service Properties Trust will post 1.13 EPS for the current year.

Service Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.54%. Service Properties Trust’s dividend payout ratio is presently -2.72%.

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.