Service Properties Trust $SVC Shares Newly Purchased by DBA Trading LLC

DBA Trading LLC bought a new stake in Service Properties Trust (NASDAQ:SVC) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 99,651 shares of the real estate investment trust’s stock, valued at approximately $642,000. Service Properties Trust accounts for about 1.1% of DBA Trading LLC’s portfolio, making the stock its 22nd largest position.

Several other large investors also recently modified their holdings of SVC. Yorkville Advisors Global LP acquired a new stake in shares of Service Properties Trust during the first quarter worth about $28,333,000. Bank of America Corp DE grew its position in shares of Service Properties Trust by 1.8% in the 1st quarter. Bank of America Corp DE now owns 2,338,854 shares of the real estate investment trust’s stock valued at $3,169,000 after purchasing an additional 42,317 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Service Properties Trust in the 2nd quarter valued at approximately $3,691,000. Public Employees Retirement System of Ohio bought a new stake in Service Properties Trust during the 2nd quarter worth approximately $1,153,000. Finally, Headlands Technologies LLC bought a new stake in Service Properties Trust during the 2nd quarter worth approximately $543,000. 77.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. LADENBURG THALM/SH SH dropped their target price on shares of Service Properties Trust from $11.25 to $9.00 and set a “buy” rating on the stock in a report on Friday, November 6th. Zacks Research upgraded shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Loop Capital set a $9.00 price target on shares of Service Properties Trust in a report on Friday, October 2nd. Weiss Ratings downgraded shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen upgraded shares of Service Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.60.

Service Properties Trust Stock Performance

SVC opened at $5.47 on Wednesday. The business’s 50-day moving average price is $6.43 and its two-hundred day moving average price is $8.19. Service Properties Trust has a 1 year low of $4.99 and a 1 year high of $12.15. The company has a market capitalization of $710.08 million, a price-to-earnings ratio of -0.78 and a beta of 1.78. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.02 and a quick ratio of 0.02.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings results on Wednesday, November 4th. The real estate investment trust reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.39). The firm had revenue of $399.52 million during the quarter, compared to the consensus estimate of $318.62 million. Service Properties Trust had a negative net margin of 29.31% and a negative return on equity of 69.76%. Equities analysts expect that Service Properties Trust will post 1.15 EPS for the current fiscal year.

Service Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.87%.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust that owns hotels and service-focused retail properties. Its hotel portfolio includes lodging properties operated by third-party management companies and affiliated with a range of hotel brands. Its retail properties are generally leased to businesses that provide services to travelers and local customers. The trust’s properties are located primarily in the United States. Service Properties Trust was formerly known as Hospitality Properties Trust, reflecting its earlier focus on hotels, before adopting its current name as its portfolio expanded to include service-focused retail real estate.