Service Properties Trust (NASDAQ:SVC) Shares Down 4.3% - Should You Sell?

Service Properties Trust (NASDAQ:SVC - Get Free Report)'s stock price fell 4.3% on Friday . The stock traded as low as $3.56 and last traded at $3.56. 246,263 shares were traded during mid-day trading, a decline of 79% from the average session volume of 1,184,045 shares. The stock had previously closed at $3.72.

Analyst Ratings Changes

Several brokerages have weighed in on SVC. Wells Fargo & Company cut their target price 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 reduced their price objective on shares of 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 Stock Performance

The company has a market capitalization of $600.05 million, a price-to-earnings ratio of -4.31 and a beta of 2.20. The firm's 50 day simple moving average is $4.51 and its 200-day simple moving average is $5.16. The company has a debt-to-equity ratio of 3.98, a quick ratio of 0.01 and a current ratio of 0.01.

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

Service Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.10%. The ex-dividend date is Monday, October 28th. Service Properties Trust's payout ratio is -4.76%.

Institutional Trading of Service Properties Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC grew its position in shares of Service Properties Trust by 137.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust's stock worth $40,000 after buying an additional 3,436 shares during the period. Xponance Inc. bought a new stake in shares of Service Properties Trust during the 2nd quarter valued at $53,000. Choreo LLC bought a new stake in shares of Service Properties Trust during the 2nd quarter valued at $54,000. NorthRock Partners LLC acquired a new position in shares of Service Properties Trust in the 1st quarter valued at $75,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Service Properties Trust in the 2nd quarter worth $68,000. Institutional investors and hedge funds own 77.62% of the company's stock.

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.