PFG Investments LLC Takes Position in Service Properties Trust (NASDAQ:SVC)

PFG Investments LLC purchased a new position in shares of Service Properties Trust (NASDAQ:SVC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 45,150 shares of the real estate investment trust’s stock, valued at approximately $115,000.

Other institutional investors also recently added to or reduced their stakes in the company. Walleye Capital LLC acquired a new position in Service Properties Trust in the 3rd quarter valued at about $58,000. Wolverine Trading LLC purchased a new position in shares of Service Properties Trust in the 3rd quarter valued at approximately $58,000. Family Wealth Partners LLC acquired a new position in shares of Service Properties Trust in the third quarter valued at approximately $69,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Service Properties Trust during the third quarter worth approximately $71,000. Finally, Metis Global Partners LLC lifted 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 period. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Price Performance

Shares of SVC opened at $2.85 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The stock’s 50 day moving average is $2.64 and its two-hundred day moving average is $3.77. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $7.97. 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 (NASDAQ:SVC) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.65). The business had revenue of $491.17 million during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $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. Shareholders of record on Monday, January 27th will be issued a $0.01 dividend. The ex-dividend date is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.40%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their price objective on shares of Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating on the stock in a research note on Monday, December 9th.

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.