Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 3,930,000 shares, a drop of 62.5% from the December 15th total of 10,470,000 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 3,570,000 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Service Properties Trust

Institutional investors have recently made changes to their positions in the company. Xponance Inc. purchased a new position in shares of Service Properties Trust in the second quarter worth about $53,000. Choreo LLC purchased a new position in Service Properties Trust during the second quarter worth approximately $54,000. Walleye Capital LLC purchased a new stake in Service Properties Trust in the 3rd quarter valued at $58,000. Wolverine Trading LLC acquired a new position in shares of Service Properties Trust during the 3rd quarter valued at about $58,000. Finally, Family Wealth Partners LLC purchased a new position in Service Properties Trust during the third quarter worth about $69,000. 77.62% of the stock is owned by hedge funds and other institutional investors.

Service Properties Trust Stock Performance

NASDAQ SVC traded up $0.02 on Tuesday, hitting $2.62. 359,567 shares of the company’s stock traded hands, compared to its average volume of 1,728,842. The firm has a market capitalization of $436.62 million, a PE ratio of -1.78 and a beta of 2.19. Service Properties Trust has a 1-year low of $2.29 and a 1-year high of $8.15. The firm’s 50-day moving average price is $2.69 and its two-hundred day moving average price is $4.00. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $497.97 million. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. During the same period in the previous year, the company posted $0.56 earnings per share. As a group, analysts expect that Service Properties Trust will post 1.13 EPS for the current year.

Service Properties Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.53%. Service Properties Trust’s dividend payout ratio is presently -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.