Service Properties Trust (NASDAQ:SVC) Short Interest Down 62.5% in December

Service Properties Trust (NASDAQ:SVC - Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 3,930,000 shares, a decline of 62.5% from the December 15th total of 10,470,000 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,570,000 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Service Properties Trust

Several hedge funds have recently modified their holdings of the company. Choreo LLC purchased a new position in shares of Service Properties Trust in the 2nd quarter worth approximately $54,000. Texas Permanent School Fund Corp increased its position in Service Properties Trust by 25.5% during the second quarter. Texas Permanent School Fund Corp now owns 182,043 shares of the real estate investment trust's stock valued at $936,000 after acquiring an additional 36,963 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Service Properties Trust by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,436,369 shares of the real estate investment trust's stock valued at $12,522,000 after acquiring an additional 85,791 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Service Properties Trust by 17.9% in the 2nd quarter. Hsbc Holdings PLC now owns 128,171 shares of the real estate investment trust's stock worth $654,000 after acquiring an additional 19,416 shares during the last quarter. Finally, MQS Management LLC purchased a new position in shares of Service Properties Trust during the 2nd quarter worth about $89,000. 77.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their price objective on shares of Service Properties Trust from $3.00 to $2.75 and set an "underweight" rating on the stock in a research note on Monday, December 9th.

Service Properties Trust Stock Performance

SVC traded up $0.01 during midday trading on Tuesday, reaching $2.61. The company had a trading volume of 1,303,280 shares, compared to its average volume of 1,851,235. Service Properties Trust has a 1 year low of $2.29 and a 1 year high of $8.15. The company has a market cap of $434.95 million, a P/E ratio of -1.78 and a beta of 2.19. The business has a 50-day moving average of $2.69 and a two-hundred day moving average of $4.00. 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 (NASDAQ:SVC - Get Free Report) last released 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). Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The business had revenue of $491.17 million for the quarter, compared to analysts' expectations of $497.97 million. During the same quarter in the prior year, the business posted $0.56 EPS. As a group, equities research analysts predict that Service Properties Trust will post 1.13 earnings per share for the current fiscal year.

Service Properties Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a dividend of $0.01 per share. 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 presently -2.72%.

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.