Service Properties Trust (NASDAQ:SVC) Stock Price Down 4.5% – What’s Next?

Service Properties Trust (NASDAQ:SVC)’s share price was down 4.5% during mid-day trading on Thursday . The stock traded as low as $3.76 and last traded at $3.80. Approximately 95,217 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,122,806 shares. The stock had previously closed at $3.98.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SVC. B. Riley dropped their price objective on Service Properties Trust from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wells Fargo & Company cut their target price on shares of Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating for the company in a research note on Friday, September 13th.

Service Properties Trust Stock Performance

The firm has a fifty day moving average of $4.63 and a 200-day moving average of $5.29. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 3.98. The firm has a market cap of $631.55 million, a P/E ratio of -4.49 and a beta of 2.20.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). The business had revenue of $512.95 million during the quarter, compared to the consensus estimate of $509.33 million. Service Properties Trust had a negative net margin of 10.56% and a negative return on equity of 17.17%. During the same period in the previous year, the business posted $0.58 earnings per share. Research analysts predict that Service Properties Trust will post 1.21 earnings per share for the current fiscal year.

Service Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Monday, October 28th. Service Properties Trust’s payout ratio is -95.24%.

Institutional Trading of Service Properties Trust

Several hedge funds have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC raised its holdings in Service Properties Trust by 137.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 3,436 shares during the period. Xponance Inc. acquired a new stake in shares of Service Properties Trust in the 2nd quarter valued at about $53,000. Choreo LLC acquired a new stake in shares of Service Properties Trust in the 2nd quarter valued at about $54,000. NorthRock Partners LLC acquired a new stake in shares of Service Properties Trust in the 1st quarter valued at about $75,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Service Properties Trust in the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

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.