Nomura Asset Management Co. Ltd. Acquires 5,400 Shares of Service Properties Trust (NASDAQ:SVC)

Nomura Asset Management Co. Ltd. raised its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 2.6% in the third quarter, HoldingsChannel reports. The firm owned 211,100 shares of the real estate investment trust’s stock after buying an additional 5,400 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Service Properties Trust were worth $963,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Service Properties Trust by 10.9% during the 3rd 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 in the last quarter. Capital Management Corp VA lifted its holdings in 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 worth $23,596,000 after buying an additional 453,944 shares during the period. Dimensional Fund Advisors LP boosted its position in Service Properties Trust by 3.6% during the 2nd 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 acquiring an additional 85,791 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Service Properties Trust by 395.3% during the 3rd 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 worth $4,735,000 after acquiring an additional 828,765 shares during the period. Finally, AQR Capital Management LLC grew its holdings in shares of Service Properties Trust by 65.3% during the 2nd quarter. AQR Capital Management LLC now owns 734,572 shares of the real estate investment trust’s stock worth $3,607,000 after acquiring an additional 290,208 shares during the period. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their target price on Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating for the company in a research note on Monday, December 9th.

Service Properties Trust Stock Performance

Shares of SVC stock opened at $2.51 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The company’s fifty day moving average price is $3.27 and its 200-day moving average price is $4.40. The stock has a market cap of $418.29 million, a PE ratio of -1.71 and a beta of 2.19. Service Properties Trust has a 12 month low of $2.42 and a 12 month high of $8.72.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.65). Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The business had revenue of $491.17 million for the quarter, compared to the consensus estimate of $497.97 million. During the same period in the previous year, the firm earned $0.56 EPS. On average, equities analysts expect that Service Properties Trust will post 1.13 EPS for the current fiscal year.

Service Properties Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Monday, October 28th. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

Service Properties Trust Company Profile

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.