Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 3,930,000 shares, a drop of 62.5% from the December 31st total of 10,470,000 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,570,000 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Service Properties Trust by 10.9% in the third 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 period. Capital Management Corp VA increased its holdings in shares of Service Properties Trust by 9.6% in the third 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 during the period. Geode Capital Management LLC increased its holdings in shares of Service Properties Trust by 3.5% in the third quarter. Geode Capital Management LLC now owns 4,509,823 shares of the real estate investment trust’s stock valued at $20,568,000 after purchasing an additional 151,234 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Service Properties Trust by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,436,369 shares of the real estate investment trust’s stock valued at $12,522,000 after purchasing an additional 85,791 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of 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 purchasing an additional 828,765 shares during the period. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Trading Down 1.2 %

Shares of NASDAQ SVC traded down $0.04 during mid-day trading on Tuesday, reaching $2.86. 351,194 shares of the company’s stock were exchanged, compared to its average volume of 1,626,446. The firm has a market capitalization of $475.79 million, a price-to-earnings ratio of -1.95 and a beta of 2.19. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. Service Properties Trust has a 52-week low of $2.29 and a 52-week high of $8.01. The company’s 50-day moving average is $2.62 and its 200-day moving average is $3.85.

Service Properties Trust (NASDAQ:SVC) last announced 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 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 quarter in the previous year, the business posted $0.56 EPS.

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. This represents a $0.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, January 27th. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered their price target on Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating for the company in a research report 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.