Fiduciary Financial Group LLC Reduces Position in Service Properties Trust (NASDAQ:SVC)

Fiduciary Financial Group LLC cut its position in Service Properties Trust (NASDAQ:SVC) by 50.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,901 shares of the real estate investment trust’s stock after selling 19,083 shares during the period. Fiduciary Financial Group LLC’s holdings in Service Properties Trust were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SVC. Van ECK Associates Corp grew its position in shares of Service Properties Trust by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 28,352 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 3,112 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of Service Properties Trust by 13.0% in the 2nd quarter. King Luther Capital Management Corp now owns 27,115 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 3,115 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Service Properties Trust by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,140 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 3,122 shares during the last quarter. abrdn plc grew its position in shares of Service Properties Trust by 10.5% in the 3rd quarter. abrdn plc now owns 33,919 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 3,236 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Service Properties Trust by 1.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 247,449 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,594 shares during the last quarter. 77.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped 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 report on Monday, December 9th.

Service Properties Trust Trading Up 1.1 %

Shares of Service Properties Trust stock opened at $2.64 on Thursday. Service Properties Trust has a 1 year low of $2.29 and a 1 year high of $8.15. 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 $439.95 million, a P/E ratio of -1.80 and a beta of 2.19. The company’s fifty day moving average is $2.67 and its two-hundred day moving average is $3.98.

Service Properties Trust (NASDAQ:SVC) last issued 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). 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 period in the previous year, the business posted $0.56 earnings per share. Analysts forecast that Service Properties Trust will post 1.13 earnings per share for the current year.

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.