SummitTX Capital L.P. Purchases New Shares in Service Properties Trust $SVC

SummitTX Capital L.P. purchased a new position in Service Properties Trust (NASDAQ:SVC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,000 shares of the real estate investment trust’s stock, valued at approximately $88,000.

A number of other institutional investors have also added to or reduced their stakes in SVC. Yorkville Advisors Global LP purchased a new position in Service Properties Trust during the first quarter valued at $28,333,000. Charles Schwab Investment Management Inc. grew its position in shares of Service Properties Trust by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,693,982 shares of the real estate investment trust’s stock worth $15,997,000 after buying an additional 136,283 shares during the period. Capital Management Corp VA grew its position in shares of Service Properties Trust by 1.8% in the 4th quarter. Capital Management Corp VA now owns 7,089,800 shares of the real estate investment trust’s stock worth $13,045,000 after buying an additional 125,395 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Service Properties Trust by 8.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 6,810,031 shares of the real estate investment trust’s stock worth $12,530,000 after acquiring an additional 553,942 shares in the last quarter. Finally, Susquehanna Advisors Group Inc. lifted its position in Service Properties Trust by 17.4% during the 4th quarter. Susquehanna Advisors Group Inc. now owns 6,014,299 shares of the real estate investment trust’s stock valued at $11,066,000 after acquiring an additional 892,880 shares during the period. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Down 0.4%

Shares of Service Properties Trust stock opened at $8.03 on Friday. The company has a 50-day simple moving average of $8.47 and a two-hundred day simple moving average of $9.00. The stock has a market capitalization of $1.04 billion, a PE ratio of -1.13 and a beta of 1.65. Service Properties Trust has a 52-week low of $5.65 and a 52-week high of $15.05. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.01 and a current ratio of 0.01.

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

Service Properties Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, July 20th. This represents a $0.20 annualized dividend and a yield of 2.5%. 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 -2.82%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. B. Riley Financial boosted their price objective on shares of Service Properties Trust from $10.00 to $12.50 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Wall Street Zen downgraded shares of Service Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. 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 target price for the company. LADENBURG THALM/SH SH initiated coverage on Service Properties Trust in a research report on Tuesday, June 30th. They issued a “buy” rating and a $11.25 price target on the stock. Finally, Zacks Research downgraded Service Properties Trust from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Service Properties Trust presently has a consensus rating of “Hold” and an average target price of $12.81.

About Service Properties Trust

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.