Service Properties Trust (NASDAQ:SVC) Sets New 52-Week Low - Time to Sell?

Shares of Service Properties Trust (NASDAQ:SVC - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $3.15 and last traded at $3.15, with a volume of 162 shares. The stock had previously closed at $3.20.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SVC shares. Wells Fargo & Company dropped their price target on Service Properties Trust from $5.00 to $4.00 and set an "underweight" rating on the stock in a research note on Friday, September 13th. B. Riley decreased their price target on Service Properties Trust from $9.00 to $8.00 and set a "buy" rating for the company in a report on Friday, August 9th.

Service Properties Trust Trading Down 3.8 %

The company has a debt-to-equity ratio of 3.98, a quick ratio of 0.01 and a current ratio of 0.01. The firm has a market capitalization of $502.65 million, a price-to-earnings ratio of -2.48 and a beta of 2.23. The company has a 50 day moving average price of $4.35 and a two-hundred day moving average price of $5.00.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.45) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.94). Service Properties Trust had a negative return on equity of 17.17% and a negative net margin of 10.56%. The firm had revenue of $512.95 million for the quarter, compared to analysts' expectations of $509.33 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. On average, research analysts forecast that Service Properties Trust will post 1.21 EPS for the current year.

Service Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, October 28th. Service Properties Trust's dividend payout ratio (DPR) is presently -3.28%.

Institutional Trading of Service Properties Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. FinTrust Capital Advisors LLC increased its stake in shares of Service Properties Trust by 137.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 3,436 shares during the last quarter. Xponance Inc. acquired a new stake in shares of Service Properties Trust during the 2nd quarter worth about $53,000. Choreo LLC acquired a new stake in shares of Service Properties Trust during the 2nd quarter worth about $54,000. NorthRock Partners LLC acquired a new stake in shares of Service Properties Trust during the 1st quarter worth about $75,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Service Properties Trust during the 2nd quarter worth about $68,000. 77.62% of the stock is owned by institutional investors and hedge funds.

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.