MQS Management LLC Acquires 5,882 Shares of Service Properties Trust (NASDAQ:SVC)

MQS Management LLC increased its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 34.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,176 shares of the real estate investment trust’s stock after acquiring an additional 5,882 shares during the period. MQS Management LLC’s holdings in Service Properties Trust were worth $106,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Capital Management Corp VA grew its position in Service Properties Trust by 9.6% during the 3rd quarter. Capital Management Corp VA now owns 5,174,563 shares of the real estate investment trust’s stock worth $23,596,000 after acquiring an additional 453,944 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Service Properties Trust by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,436,369 shares of the real estate investment trust’s stock worth $12,522,000 after acquiring an additional 85,791 shares during the last quarter. AQR Capital Management LLC grew its position in Service Properties Trust by 65.3% during the 2nd quarter. AQR Capital Management LLC now owns 734,572 shares of the real estate investment trust’s stock worth $3,607,000 after acquiring an additional 290,208 shares during the last quarter. Whitebox Advisors LLC grew its position in 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 acquiring an additional 382,502 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Service Properties Trust by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 364,727 shares of the real estate investment trust’s stock worth $1,875,000 after acquiring an additional 20,736 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Stock Down 2.9 %

NASDAQ:SVC opened at $2.71 on Friday. The stock’s fifty day moving average price is $4.10 and its two-hundred day moving average price is $4.85. Service Properties Trust has a 52-week low of $2.70 and a 52-week high of $8.72. 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 company has a market cap of $451.62 million, a price-to-earnings ratio of -1.84 and a beta of 2.23.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data 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). The firm had revenue of $491.17 million for the quarter, compared to analyst estimates of $497.97 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. During the same period in the prior year, the company posted $0.56 EPS. On average, analysts anticipate that Service Properties Trust will post 1.13 EPS for the current year.

Service Properties Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Monday, October 28th. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.72%.

Analyst Upgrades and Downgrades

SVC has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, September 13th. B. Riley reduced their price objective on Service Properties Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 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.