Service Properties Trust (NASDAQ:SVC) Shares Sold by Baugh & Associates LLC

Baugh & Associates LLC lowered its stake in Service Properties Trust (NASDAQ:SVC) by 6.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 269,810 shares of the real estate investment trust’s stock after selling 17,786 shares during the quarter. Baugh & Associates LLC’s holdings in Service Properties Trust were worth $672,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SVC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Service Properties Trust by 395.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust’s stock valued at $4,735,000 after acquiring an additional 828,765 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Service Properties Trust by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,294,874 shares of the real estate investment trust’s stock valued at $28,705,000 after purchasing an additional 616,718 shares during the last quarter. Capital Management Corp VA raised its holdings in shares of Service Properties Trust by 9.6% in the 3rd quarter. Capital Management Corp VA now owns 5,174,563 shares of the real estate investment trust’s stock valued at $23,596,000 after purchasing an additional 453,944 shares in the last quarter. Whitebox Advisors LLC lifted its position in shares of 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 purchasing an additional 382,502 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Service Properties Trust by 65.3% during the second quarter. AQR Capital Management LLC now owns 734,572 shares of the real estate investment trust’s stock worth $3,607,000 after purchasing an additional 290,208 shares in the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company cut their price target on 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.

Service Properties Trust Stock Up 2.0 %

SVC stock opened at $2.60 on Monday. The company’s 50 day moving average is $2.64 and its two-hundred day moving average is $3.93. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $8.14. 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 has a market cap of $433.29 million, a P/E ratio of -1.77 and a beta of 2.19.

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 for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). The company had revenue of $491.17 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.56 earnings per share. Research analysts expect that Service Properties Trust will post 1.13 earnings per share for the current fiscal year.

Service Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.54%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

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.