Service Properties Trust (NASDAQ:SVC - Get Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 10,470,000 shares, an increase of 23.5% from the November 30th total of 8,480,000 shares. Approximately 6.8% of the company's stock are sold short. Based on an average trading volume of 3,360,000 shares, the short-interest ratio is currently 3.1 days.
Service Properties Trust Stock Performance
NASDAQ SVC traded down $0.08 during trading on Friday, hitting $2.49. The company's stock had a trading volume of 2,282,710 shares, compared to its average volume of 1,716,590. Service Properties Trust has a 52 week low of $2.29 and a 52 week high of $8.72. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. The firm has a market cap of $414.95 million, a P/E ratio of -1.69 and a beta of 2.19. The firm has a 50 day moving average price of $2.88 and a 200 day moving average price of $4.19.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $491.17 million for the quarter, compared to the consensus estimate of $497.97 million. During the same period last year, the firm posted $0.56 EPS. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.61%. Service Properties Trust's dividend payout ratio is currently -2.72%.
Institutional Trading of Service Properties Trust
Institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Service Properties Trust by 395.3% during the 3rd 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 acquiring an additional 828,765 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Service Properties Trust by 10.9% during the third 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 purchasing an additional 616,718 shares during the period. Capital Management Corp VA boosted its holdings in Service Properties Trust by 9.6% during the third quarter. Capital Management Corp VA now owns 5,174,563 shares of the real estate investment trust's stock valued at $23,596,000 after purchasing an additional 453,944 shares in the last quarter. Whitebox Advisors LLC grew its stake in shares of Service Properties Trust by 167.7% in the 2nd quarter. Whitebox Advisors LLC now owns 610,602 shares of the real estate investment trust's stock valued at $3,138,000 after purchasing an additional 382,502 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Service Properties Trust by 65.3% in the 2nd quarter. AQR Capital Management LLC now owns 734,572 shares of the real estate investment trust's stock worth $3,607,000 after buying an additional 290,208 shares in the last quarter. Institutional investors and hedge funds own 77.62% of the company's stock.
Analyst Ratings Changes
Separately, Wells Fargo & Company dropped their target price on Service Properties Trust from $3.00 to $2.75 and set an "underweight" rating on the stock in a research report on Monday, December 9th.
Get Our Latest Stock Report on Service Properties Trust
About Service Properties Trust
(
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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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