Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 3,930,000 shares, a decline of 62.5% from the December 31st total of 10,470,000 shares. Based on an average daily trading volume, of 3,570,000 shares, the days-to-cover ratio is presently 1.1 days. Approximately 2.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Service Properties Trust

Several institutional investors have recently added to or reduced their stakes in the business. KBC Group NV increased its stake in Service Properties Trust by 140.6% during the fourth quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 11,491 shares during the last quarter. Xponance Inc. acquired a new stake in Service Properties Trust during the second quarter worth about $53,000. Walleye Capital LLC acquired a new stake in Service Properties Trust during the third quarter worth about $58,000. Wolverine Trading LLC acquired a new stake in Service Properties Trust during the third quarter worth about $58,000. Finally, EMC Capital Management increased its stake in Service Properties Trust by 1,031.3% during the fourth quarter. EMC Capital Management now owns 24,459 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 22,297 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Price Performance

Shares of NASDAQ SVC traded down $0.04 during trading on Tuesday, reaching $2.86. The company had a trading volume of 351,194 shares, compared to its average volume of 1,626,446. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $8.01. The stock has a market capitalization of $475.79 million, a PE ratio of -1.95 and a beta of 2.19. The stock has a 50-day moving average price of $2.62 and a two-hundred day moving average price of $3.85. 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 released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $491.17 million during the quarter, compared to analyst estimates of $497.97 million. During the same period last year, the firm earned $0.56 earnings per share.

Service Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.40%. Service Properties Trust’s dividend payout ratio (DPR) is -2.72%.

Wall Street Analyst Weigh In

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

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.