Quantinno Capital Management LP Has $63,000 Stock Holdings in Service Properties Trust (NASDAQ:SVC)

Quantinno Capital Management LP reduced its stake in shares of Service Properties Trust (NASDAQ:SVC) by 28.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,878 shares of the real estate investment trust’s stock after selling 5,501 shares during the period. Quantinno Capital Management LP’s holdings in Service Properties Trust were worth $63,000 as of its most recent filing with the SEC.

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

Service Properties Trust Trading Up 3.6 %

Shares of Service Properties Trust stock opened at $2.56 on Wednesday. The stock has a market cap of $426.62 million, a P/E ratio of -1.74 and a beta of 2.19. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a 12-month low of $2.33 and a 12-month high of $8.72. The business’s 50 day moving average is $3.18 and its 200-day moving average is $4.34.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings results 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 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 period in the prior year, the business earned $0.56 EPS. Equities research analysts predict 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. Shareholders of record on Monday, October 28th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Monday, October 28th. Service Properties Trust’s dividend payout ratio is -2.72%.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their price objective on shares of 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 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.