Service Properties Trust $SVC Holdings Trimmed by Whitebox Advisors LLC

Whitebox Advisors LLC reduced its position in shares of Service Properties Trust (NASDAQ:SVC) by 7.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,772,799 shares of the real estate investment trust’s stock after selling 300,000 shares during the period. Whitebox Advisors LLC’s holdings in Service Properties Trust were worth $5,112,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Service Properties Trust by 30.8% during the first quarter. AQR Capital Management LLC now owns 1,346,098 shares of the real estate investment trust’s stock valued at $3,446,000 after buying an additional 317,218 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Service Properties Trust by 114.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust’s stock worth $10,749,000 after acquiring an additional 2,200,754 shares in the last quarter. Strs Ohio purchased a new stake in Service Properties Trust in the 1st quarter worth about $77,000. Cetera Investment Advisers boosted its position in Service Properties Trust by 54.5% during the 2nd quarter. Cetera Investment Advisers now owns 104,585 shares of the real estate investment trust’s stock worth $250,000 after acquiring an additional 36,873 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Service Properties Trust by 15.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 955,257 shares of the real estate investment trust’s stock worth $2,283,000 after acquiring an additional 125,256 shares during the period. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. LADENBURG THALM/SH SH assumed coverage on Service Properties Trust in a research note on Tuesday, June 30th. They set a “buy” rating and a $11.25 target price on the stock. Odeon Capital Group assumed coverage on shares of Service Properties Trust in a report on Friday, May 8th. They set a “buy” rating and a $17.50 price target for the company. B. Riley Financial boosted their price objective on shares of Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Zacks Research lowered shares of Service Properties Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Service Properties Trust currently has an average rating of “Hold” and an average target price of $12.81.

Service Properties Trust Price Performance

SVC opened at $8.46 on Monday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -1.19 and a beta of 1.65. Service Properties Trust has a 1 year low of $5.65 and a 1 year high of $15.20. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 4.56. The stock has a fifty day moving average price of $8.50 and a 200 day moving average price of $9.07.

Service Properties Trust (NASDAQ:SVC) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($1.82) by $2.02. Service Properties Trust had a negative return on equity of 38.18% and a negative net margin of 13.59%.The company had revenue of $364.45 million for the quarter, compared to analyst estimates of $347.82 million. Service Properties Trust has set its FY 2026 guidance at 0.240-0.270 EPS. Analysts forecast that Service Properties Trust will post 1.25 EPS for the current fiscal year.

Service Properties Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, July 20th. This is a positive change from Service Properties Trust’s previous quarterly dividend of $0.05. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.82%.

Service Properties Trust Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.

Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.