Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 5,300,000 shares, a decline of 25.4% from the February 28th total of 7,100,000 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,930,000 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised Service Properties Trust from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $2.50 to $4.00 in a research report on Wednesday, March 19th.

Service Properties Trust Price Performance

Shares of SVC opened at $2.59 on Tuesday. Service Properties Trust has a one year low of $2.29 and a one year high of $6.85. 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 firm has a market capitalization of $430.76 million, a price-to-earnings ratio of -1.79 and a beta of 2.21. The stock’s fifty day moving average is $2.74 and its 200-day moving average is $3.11.

Service Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a dividend of $0.01 per share. The ex-dividend date was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.55%. Service Properties Trust’s dividend payout ratio (DPR) is -2.40%.

Hedge Funds Weigh In On Service Properties Trust

Several institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its position in shares of Service Properties Trust by 87.1% in the fourth quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 4,942 shares during the last quarter. Wolverine Trading LLC acquired a new stake in Service Properties Trust in the 3rd quarter valued at approximately $58,000. Walleye Capital LLC bought a new position in Service Properties Trust in the 3rd quarter worth approximately $58,000. Tidal Investments LLC acquired a new position in shares of Service Properties Trust during the fourth quarter worth approximately $33,000. Finally, Cibc World Markets Corp bought a new stake in shares of Service Properties Trust in the fourth quarter valued at approximately $39,000. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Company 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.