Service Properties Trust (NASDAQ:SVC) Shares Bought by EMC Capital Management

EMC Capital Management lifted its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 1,031.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,459 shares of the real estate investment trust’s stock after buying an additional 22,297 shares during the quarter. EMC Capital Management’s holdings in Service Properties Trust were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SVC. KBC Group NV grew its holdings in Service Properties Trust by 140.6% in the 4th quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 11,491 shares in the last quarter. PFG Investments LLC purchased a new stake in shares of Service Properties Trust in the fourth quarter valued at about $115,000. Virtu Financial LLC purchased a new stake in shares of Service Properties Trust in the third quarter valued at about $170,000. Barclays PLC boosted its holdings in Service Properties Trust by 310.6% in the 3rd quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust’s stock valued at $1,279,000 after purchasing an additional 212,130 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Service Properties Trust by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,509,823 shares of the real estate investment trust’s stock valued at $20,568,000 after purchasing an additional 151,234 shares during the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Performance

NASDAQ:SVC opened at $2.85 on Friday. The stock has a market capitalization of $474.95 million, a P/E ratio of -1.94 and a beta of 2.19. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. Service Properties Trust has a fifty-two week low of $2.29 and a fifty-two week high of $7.97. The company has a 50 day moving average price of $2.64 and a 200 day moving average price of $3.80.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data 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 firm had revenue of $491.17 million during the quarter, compared to analysts’ expectations of $497.97 million. During the same quarter in the prior year, the firm posted $0.56 EPS.

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be issued 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 yield of 1.40%. Service Properties Trust’s dividend payout ratio (DPR) is -2.72%.

Analysts Set New Price Targets

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

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.