Service Properties Trust (NASDAQ:SVC) Stake Reduced by Grandview Asset Management LLC

Grandview Asset Management LLC trimmed its holdings in Service Properties Trust (NASDAQ:SVC) by 29.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,511 shares of the real estate investment trust’s stock after selling 25,998 shares during the quarter. Grandview Asset Management LLC’s holdings in Service Properties Trust were worth $161,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 period. Charles Schwab Investment Management Inc. increased its stake in Service Properties Trust by 10.9% in 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 purchasing an additional 616,718 shares in the last quarter. Capital Management Corp VA raised its holdings in 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 worth $23,596,000 after buying an additional 453,944 shares during the period. Whitebox Advisors LLC lifted its stake in Service Properties Trust by 167.7% during 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 buying an additional 382,502 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Service Properties Trust by 65.3% in 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 buying an additional 290,208 shares during the period. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Trading Up 1.2 %

Shares of SVC stock opened at $2.60 on Tuesday. The business’s 50 day moving average is $2.69 and its two-hundred day moving average is $4.00. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a 12 month low of $2.29 and a 12 month high of $8.15. The company has a market cap of $433.28 million, a PE ratio of -1.77 and a beta of 2.19.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share (EPS) 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 business had revenue of $491.17 million during the quarter, compared to analyst estimates of $497.97 million. During the same period in the prior year, the business posted $0.56 earnings per share. Equities analysts predict that Service Properties Trust will post 1.13 EPS for the current year.

Service Properties Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Monday, October 28th. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

Analyst Upgrades and Downgrades

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

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.