Stifel Financial Corp Has $152,000 Holdings in Service Properties Trust (NASDAQ:SVC)

Stifel Financial Corp boosted its stake in Service Properties Trust (NASDAQ:SVC) by 39.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,222 shares of the real estate investment trust’s stock after buying an additional 9,463 shares during the quarter. Stifel Financial Corp’s holdings in Service Properties Trust were worth $152,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SVC. Xponance Inc. acquired a new position in shares of Service Properties Trust in the 2nd quarter worth approximately $53,000. Choreo LLC acquired a new stake in Service Properties Trust during the 2nd quarter valued at $54,000. Walleye Capital LLC bought a new position in Service Properties Trust in the 3rd quarter valued at $58,000. Family Wealth Partners LLC acquired a new position in Service Properties Trust in the third quarter worth $69,000. Finally, Metis Global Partners LLC grew its holdings in shares of Service Properties Trust by 38.8% during the third quarter. Metis Global Partners LLC now owns 18,082 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 5,056 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Price Performance

SVC opened at $2.45 on Tuesday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market capitalization of $408.29 million, a P/E ratio of -1.67 and a beta of 2.19. The company’s 50 day simple moving average is $2.86 and its 200-day simple moving average is $4.17. Service Properties Trust has a one year low of $2.29 and a one year high of $8.65.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). The firm had revenue of $491.17 million during the quarter, compared to the consensus estimate of $497.97 million. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. During the same quarter in the previous year, the business posted $0.56 earnings per share. Sell-side analysts anticipate that Service Properties Trust will post 1.13 earnings per share for the current fiscal year.

Service Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.63%. Service Properties Trust’s payout ratio is -2.72%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price target on Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating for the company in a report on Monday, December 9th.

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.