SG Americas Securities LLC Has $149,000 Holdings in Service Properties Trust (NASDAQ:SVC)

SG Americas Securities LLC lifted its stake in Service Properties Trust (NASDAQ:SVC) by 157.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,766 shares of the real estate investment trust’s stock after acquiring an additional 20,046 shares during the period. SG Americas Securities LLC’s holdings in Service Properties Trust were worth $149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Management Corp VA increased its stake in Service Properties Trust by 11.9% during the first quarter. Capital Management Corp VA now owns 3,630,775 shares of the real estate investment trust’s stock valued at $24,617,000 after acquiring an additional 387,465 shares during the period. Whitebox Advisors LLC grew its holdings in shares of Service Properties Trust by 167.7% during the 2nd quarter. Whitebox Advisors LLC now owns 610,602 shares of the real estate investment trust’s stock worth $3,138,000 after purchasing an additional 382,502 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Service Properties Trust by 65.3% during the second quarter. AQR Capital Management LLC now owns 734,572 shares of the real estate investment trust’s stock valued at $3,607,000 after purchasing an additional 290,208 shares during the period. Hennessy Advisors Inc. increased its position in shares of Service Properties Trust by 44.0% during the first quarter. Hennessy Advisors Inc. now owns 418,800 shares of the real estate investment trust’s stock valued at $2,839,000 after purchasing an additional 127,900 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Service Properties Trust by 54.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 322,544 shares of the real estate investment trust’s stock valued at $2,187,000 after purchasing an additional 113,878 shares in the last quarter. Institutional investors own 77.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SVC shares. Wells Fargo & Company decreased their price target on shares of Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, September 13th. B. Riley reduced their price objective on shares of Service Properties Trust from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 9th.

Service Properties Trust Price Performance

Shares of SVC stock opened at $3.62 on Friday. The stock’s fifty day simple moving average is $4.51 and its 200 day simple moving average is $5.16. Service Properties Trust has a one year low of $3.44 and a one year high of $8.72. The firm has a market cap of $600.05 million, a price-to-earnings ratio of -4.31 and a beta of 2.20. The company has a debt-to-equity ratio of 3.98, a current ratio of 0.01 and a quick ratio of 0.01.

Service Properties Trust (NASDAQ:SVC) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.45) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.94). The firm had revenue of $512.95 million during the quarter, compared to analyst estimates of $509.33 million. Service Properties Trust had a negative net margin of 10.56% and a negative return on equity of 17.17%. During the same quarter in the prior year, the firm posted $0.58 EPS. On average, analysts expect that Service Properties Trust will post 1.21 earnings per share for the current fiscal year.

Service Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.10%. Service Properties Trust’s dividend payout ratio is -4.76%.

Service Properties Trust 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.