Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC - Get Free Report) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 7,100,000 shares, an increase of 16.2% from the February 13th total of 6,110,000 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average trading volume of 3,230,000 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in Service Properties Trust by 87.1% in the 4th quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 4,942 shares during the period. Wolverine Trading LLC acquired a new position in shares of Service Properties Trust during the 3rd quarter worth approximately $58,000. Walleye Capital LLC acquired a new position in shares of Service Properties Trust during the 3rd quarter worth approximately $58,000. Tidal Investments LLC acquired a new stake in shares of Service Properties Trust during the 4th quarter worth approximately $33,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Service Properties Trust during the 4th quarter worth approximately $39,000. 77.62% of the stock is owned by institutional investors.

Service Properties Trust Stock Down 4.4 %

Shares of NASDAQ SVC traded down $0.13 during mid-day trading on Friday, reaching $2.81. The company had a trading volume of 3,694,809 shares, compared to its average volume of 1,874,945. The stock has a fifty day moving average of $2.72 and a two-hundred day moving average of $3.20. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market capitalization of $468.25 million, a price-to-earnings ratio of -1.91 and a beta of 2.21. Service Properties Trust has a 12-month low of $2.29 and a 12-month high of $6.85.

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Service Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.42%. Service Properties Trust's payout ratio is presently -2.40%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised shares of Service Properties Trust from an "underweight" rating to an "overweight" rating and increased their price objective for the stock from $2.50 to $4.00 in a report on Wednesday.

About Service Properties Trust

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.