Nisa Investment Advisors LLC Sells 86,127 Shares of Service Properties Trust (NASDAQ:SVC)

Nisa Investment Advisors LLC cut its holdings in Service Properties Trust (NASDAQ:SVC - Free Report) by 47.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 94,940 shares of the real estate investment trust's stock after selling 86,127 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Service Properties Trust worth $488,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Service Properties Trust in the 4th quarter valued at about $9,333,000. Charles Schwab Investment Management Inc. lifted its position in Service Properties Trust by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,798,087 shares of the real estate investment trust's stock valued at $23,896,000 after buying an additional 91,272 shares in the last quarter. Texas Permanent School Fund Corp lifted its position in Service Properties Trust by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 145,080 shares of the real estate investment trust's stock valued at $984,000 after buying an additional 2,476 shares in the last quarter. Van ECK Associates Corp lifted its position in Service Properties Trust by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 23,113 shares of the real estate investment trust's stock valued at $197,000 after buying an additional 3,800 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Service Properties Trust by 18.2% during the fourth quarter. Victory Capital Management Inc. now owns 147,590 shares of the real estate investment trust's stock valued at $1,260,000 after buying an additional 22,691 shares in the last quarter. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, B. Riley reduced their price target on shares of Service Properties Trust from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Friday, August 9th.

Service Properties Trust Stock Performance

SVC stock traded up $0.16 during trading on Friday, hitting $4.50. 1,994,878 shares of the company's stock traded hands, compared to its average volume of 1,095,372. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 3.58. Service Properties Trust has a 52 week low of $4.26 and a 52 week high of $8.72. The stock has a fifty day moving average price of $5.13 and a two-hundred day moving average price of $5.92. The stock has a market capitalization of $745.92 million, a price-to-earnings ratio of -5.36 and a beta of 2.21.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.94). The business had revenue of $512.95 million for the quarter, compared to the consensus estimate of $509.33 million. Service Properties Trust had a negative net margin of 7.29% and a negative return on equity of 11.01%. During the same quarter in the previous year, the firm earned $0.58 EPS. As a group, equities analysts anticipate that Service Properties Trust will post 1.37 EPS for the current fiscal year.

Service Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 17.78%. The ex-dividend date was Monday, July 22nd. Service Properties Trust's payout ratio is currently -95.24%.

Service Properties Trust 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.