Virtu Financial LLC Makes New Investment in Service Properties Trust (NASDAQ:SVC)

Virtu Financial LLC acquired a new stake in Service Properties Trust (NASDAQ:SVC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 37,279 shares of the real estate investment trust’s stock, valued at approximately $170,000.

Other large investors also recently modified their holdings of the company. Xponance Inc. bought a new stake in shares of Service Properties Trust during the 2nd quarter worth about $53,000. Choreo LLC acquired a new stake in Service Properties Trust during the second quarter worth approximately $54,000. Walleye Capital LLC bought a new stake in shares of Service Properties Trust during the third quarter worth approximately $58,000. Wolverine Trading LLC acquired a new position in shares of Service Properties Trust in the third quarter valued at approximately $58,000. Finally, Family Wealth Partners LLC bought a new position in shares of Service Properties Trust during the third quarter worth approximately $69,000. 77.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reduced their price target 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 Price Performance

NASDAQ:SVC opened at $2.39 on Thursday. Service Properties Trust has a 52 week low of $2.33 and a 52 week high of $8.72. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. The firm’s 50-day simple moving average is $3.14 and its 200 day simple moving average is $4.33. The firm has a market cap of $398.29 million, a price-to-earnings ratio of -1.63 and a beta of 2.19.

Service Properties Trust (NASDAQ:SVC) last announced its earnings results 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). The business had revenue of $491.17 million for the quarter, compared to the consensus estimate of $497.97 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. During the same period in the prior year, the business posted $0.56 earnings per share. As a group, sell-side analysts predict that Service Properties Trust will post 1.13 earnings per share for the current year.

Service Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a dividend of $0.01 per share. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.67%. Service Properties Trust’s payout ratio is -2.72%.

About Service Properties Trust

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.