Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC) saw a significant decrease in short interest in December. As of December 31st, there was short interest totalling 3,930,000 shares, a decrease of 62.5% from the December 15th total of 10,470,000 shares. Based on an average daily volume of 3,570,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 2.6% of the shares of the stock are sold short.

Service Properties Trust Stock Performance

Service Properties Trust stock traded up $0.03 during mid-day trading on Tuesday, reaching $2.63. 455,924 shares of the company traded hands, compared to its average volume of 1,742,295. The firm’s fifty day moving average is $2.69 and its two-hundred day moving average is $4.00. The company has a market capitalization of $438.28 million, a price-to-earnings ratio of -1.79 and a beta of 2.19. Service Properties Trust has a fifty-two week low of $2.29 and a fifty-two week high of $8.15. 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 announced 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). The firm had revenue of $491.17 million during the quarter, compared to analysts’ expectations of $497.97 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. During the same quarter in the previous year, the business earned $0.56 earnings per share. On average, equities research analysts expect that Service Properties Trust will post 1.13 earnings per share for the current fiscal year.

Service Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Monday, October 28th. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their price objective 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.

Institutional Trading of Service Properties Trust

Several institutional investors have recently bought and sold shares of the business. Xponance Inc. purchased a new stake in shares of Service Properties Trust during the second quarter worth about $53,000. Choreo LLC purchased a new stake in Service Properties Trust during the 2nd quarter worth approximately $54,000. Walleye Capital LLC acquired a new position in shares of Service Properties Trust during the third quarter valued at approximately $58,000. Wolverine Trading LLC purchased a new position in shares of Service Properties Trust in the third quarter valued at approximately $58,000. Finally, Family Wealth Partners LLC acquired a new stake in shares of Service Properties Trust in the third quarter worth approximately $69,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Service Properties Trust Company 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.