Service Properties Trust (NASDAQ:SVC - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.62 and traded as high as $2.94. Service Properties Trust shares last traded at $2.89, with a volume of 1,848,720 shares traded.
Analysts Set New Price Targets
Separately, Wells Fargo & Company reduced their price objective on shares of Service Properties Trust from $3.00 to $2.75 and set an "underweight" rating for the company in a research note on Monday, December 9th.
Get Our Latest Stock Analysis on Service Properties Trust
Service Properties Trust Stock Down 0.2 %
The company has a 50-day moving average of $2.64 and a 200-day moving average of $3.80. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The company has a market capitalization of $475.79 million, a price-to-earnings ratio of -1.95 and a beta of 2.19.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last posted its quarterly earnings data 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 analyst estimates 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 quarter last year, the company earned $0.56 EPS.
Service Properties Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.40%. Service Properties Trust's dividend payout ratio is currently -2.72%.
Institutional Investors Weigh In On Service Properties Trust
A number of large investors have recently made changes to their positions in SVC. Charles Schwab Investment Management Inc. raised its position in Service Properties Trust by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,294,874 shares of the real estate investment trust's stock worth $28,705,000 after buying an additional 616,718 shares during the last quarter. Capital Management Corp VA increased its stake in shares of Service Properties Trust by 9.6% in the third quarter. Capital Management Corp VA now owns 5,174,563 shares of the real estate investment trust's stock worth $23,596,000 after acquiring an additional 453,944 shares during the period. Geode Capital Management LLC raised its holdings in shares of Service Properties Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,509,823 shares of the real estate investment trust's stock worth $20,568,000 after purchasing an additional 151,234 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Service Properties Trust by 3.6% during 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 purchasing an additional 85,791 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Service Properties Trust by 395.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust's stock valued at $4,735,000 after purchasing an additional 828,765 shares during the last quarter. 77.62% of the stock is owned by hedge funds and other institutional investors.
Service Properties Trust Company Profile
(
Get Free Report)
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.
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