Barclays PLC Raises Holdings in Service Properties Trust (NASDAQ:SVC)

Barclays PLC boosted its stake in Service Properties Trust (NASDAQ:SVC - Free Report) by 310.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 280,421 shares of the real estate investment trust's stock after purchasing an additional 212,130 shares during the period. Barclays PLC owned about 0.17% of Service Properties Trust worth $1,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. acquired a new stake in shares of Service Properties Trust during the second quarter worth about $53,000. Choreo LLC acquired a new position in Service Properties Trust during the 2nd quarter worth $54,000. Walleye Capital LLC purchased a new stake in Service Properties Trust during the 3rd quarter worth about $58,000. Wolverine Trading LLC acquired a new stake in Service Properties Trust in the 3rd quarter valued at about $58,000. Finally, Family Wealth Partners LLC acquired a new stake in Service Properties Trust in the 3rd quarter valued at about $69,000. Hedge funds and other institutional investors own 77.62% of the company's stock.

Service Properties Trust Stock Down 1.6 %

Service Properties Trust stock traded down $0.04 during midday trading on Monday, reaching $2.45. The company's stock had a trading volume of 1,837,484 shares, compared to its average volume of 1,717,071. 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 fifty-two week low of $2.29 and a fifty-two week high of $8.65. The business has a 50-day simple moving average of $2.86 and a 200-day simple moving average of $4.17. The company has a market cap of $408.29 million, a P/E ratio of -1.67 and a beta of 2.19.

Service Properties Trust (NASDAQ:SVC - Get Free Report) 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). 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 net margin of 12.87% and a negative return on equity of 22.67%. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, 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 business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Monday, October 28th. Service Properties Trust's dividend payout ratio is currently -2.72%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their price objective on Service Properties Trust from $3.00 to $2.75 and set an "underweight" rating for the company in a research report on Monday, December 9th.

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.