Service Properties Trust (NASDAQ:SVC) Sees Significant Drop in Short Interest

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

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their target price 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.

Institutional Trading of Service Properties Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Service Properties Trust by 10.9% in 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 last quarter. Capital Management Corp VA increased its stake in Service Properties Trust by 9.6% in the 3rd 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Service Properties Trust by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,509,823 shares of the real estate investment trust's stock worth $20,568,000 after acquiring an additional 151,234 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Service Properties Trust by 3.6% during the 2nd 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 in the last quarter. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Price Performance

SVC stock traded down $0.01 during trading on Friday, reaching $2.85. The company's stock had a trading volume of 1,142,884 shares, compared to its average volume of 1,593,809. The company's fifty day moving average is $2.64 and its 200-day moving average is $3.80. Service Properties Trust has a 1 year low of $2.29 and a 1 year high of $7.97. The company has a market capitalization of $474.95 million, a P/E ratio of -1.94 and a beta of 2.19. 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 issued 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 net margin of 12.87% and a negative return on equity of 22.67%. The business 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 business posted $0.56 EPS.

Service Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.40%. Service Properties Trust's payout ratio is -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.