Readystate Asset Management LP Has $3.86 Million Stock Holdings in Service Properties Trust $SVC

Readystate Asset Management LP decreased its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 16.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,851,837 shares of the real estate investment trust’s stock after selling 545,178 shares during the quarter. Readystate Asset Management LP’s holdings in Service Properties Trust were worth $3,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. HighRoad Wealth Advisors LLC purchased a new stake in Service Properties Trust in the 4th quarter worth about $29,000. Abel Hall LLC purchased a new stake in shares of Service Properties Trust in the fourth quarter worth approximately $32,000. Caxton Associates LLP purchased a new stake in shares of Service Properties Trust in the third quarter worth approximately $33,000. BNP Paribas Financial Markets boosted its holdings in shares of Service Properties Trust by 54.4% during the second quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 5,099 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Service Properties Trust during the first quarter worth approximately $44,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SVC has been the topic of several research reports. Wall Street Zen lowered shares of Service Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. LADENBURG THALM/SH SH assumed coverage on shares of Service Properties Trust in a research note on Tuesday, June 30th. They set a “buy” rating and a $11.25 target price for the company. B. Riley Financial boosted their price target on shares of Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a report on Wednesday, June 17th. Weiss Ratings downgraded shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. Finally, Zacks Research lowered Service Properties Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.81.

Service Properties Trust Stock Performance

NASDAQ:SVC opened at $8.41 on Wednesday. The firm has a market capitalization of $1.09 billion, a PE ratio of -1.18 and a beta of 1.65. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 4.56. Service Properties Trust has a 1 year low of $5.65 and a 1 year high of $15.05. The firm’s fifty day simple moving average is $8.50 and its 200 day simple moving average is $9.04.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($1.82) by $2.02. The company had revenue of $364.45 million during the quarter, compared to analysts’ expectations of $347.82 million. Service Properties Trust had a negative return on equity of 38.18% and a negative net margin of 13.59%.Service Properties Trust has set its FY 2026 guidance at 0.240-0.270 EPS. On average, sell-side analysts anticipate that Service Properties Trust will post 1.25 EPS for the current year.

Service Properties Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be issued a dividend of $0.05 per share. 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. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. Service Properties Trust’s dividend payout ratio (DPR) is -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.