Service Properties Trust (NASDAQ:SVC) Shares Bought by EMC Capital Management

EMC Capital Management boosted its holdings in Service Properties Trust (NASDAQ:SVC) by 1,031.3% in the 4th quarter, HoldingsChannel reports. The fund owned 24,459 shares of the real estate investment trust’s stock after acquiring an additional 22,297 shares during the quarter. EMC Capital Management’s holdings in Service Properties Trust were worth $62,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. KBC Group NV raised its holdings in Service Properties Trust by 140.6% in the fourth quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 11,491 shares during the period. Xponance Inc. bought a new stake in shares of Service Properties Trust in the 2nd quarter worth about $53,000. Walleye Capital LLC acquired a new stake in Service Properties Trust during the third quarter valued at approximately $58,000. Wolverine Trading LLC acquired a new position in shares of Service Properties Trust in the 3rd quarter valued at about $58,000. Finally, Family Wealth Partners LLC acquired a new position in Service Properties Trust during the 3rd quarter valued at approximately $69,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company decreased their price target on 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.

Service Properties Trust Trading Down 0.3 %

Service Properties Trust stock opened at $2.85 on Friday. 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 business’s 50-day simple moving average is $2.64 and its 200-day simple moving average is $3.80. The firm has a market capitalization of $474.95 million, a PE ratio of -1.94 and a beta of 2.19. Service Properties Trust has a 52 week low of $2.29 and a 52 week high of $7.97.

Service Properties Trust (NASDAQ:SVC) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share 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 analyst estimates of $497.97 million. During the same quarter last year, the firm posted $0.56 earnings per share.

Service Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be given 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 dividend yield of 1.40%. Service Properties Trust’s payout ratio is currently -2.72%.

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.