Barclays PLC Buys 212,130 Shares of Service Properties Trust (NASDAQ:SVC)

Barclays PLC increased its position in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 310.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 280,421 shares of the real estate investment trust's stock after acquiring 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 reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its position 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 acquiring an additional 151,234 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Service Properties Trust by 2.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,100 shares of the real estate investment trust's stock worth $963,000 after purchasing an additional 5,400 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Service Properties Trust during the 3rd quarter worth about $71,000. Whitebox Advisors LLC lifted its holdings in Service Properties Trust by 4.9% during the 3rd quarter. Whitebox Advisors LLC now owns 640,602 shares of the real estate investment trust's stock worth $2,921,000 after buying an additional 30,000 shares during the period. Finally, Wolverine Trading LLC bought a new stake in shares of Service Properties Trust in the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 77.62% of the company's stock.

Service Properties Trust Stock Up 0.4 %

NASDAQ SVC traded up $0.01 during trading hours on Tuesday, hitting $2.61. The company's stock had a trading volume of 1,303,280 shares, compared to its average volume of 1,851,235. The company has a market capitalization of $434.95 million, a PE ratio of -1.78 and a beta of 2.19. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a 52 week low of $2.29 and a 52 week high of $8.15. The company's 50-day simple moving average is $2.69 and its two-hundred day simple moving average is $4.00.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last announced its 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). The company had revenue of $491.17 million for 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 earned $0.56 EPS. Research analysts anticipate that Service Properties Trust will post 1.13 EPS for the current fiscal year.

Service Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Monday, October 28th. Service Properties Trust's payout ratio is -2.72%.

Wall Street Analyst Weigh In

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.

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.