Family Wealth Partners LLC Purchases Shares of 15,055 Service Properties Trust (NASDAQ:SVC)

Family Wealth Partners LLC acquired a new position in Service Properties Trust (NASDAQ:SVC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,055 shares of the real estate investment trust’s stock, valued at approximately $69,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SVC. ProShare Advisors LLC boosted its position in shares of Service Properties Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 33,275 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 2,287 shares in the last quarter. Texas Permanent School Fund Corp boosted its holdings in Service Properties Trust by 1.7% in the first quarter. Texas Permanent School Fund Corp now owns 145,080 shares of the real estate investment trust’s stock worth $984,000 after acquiring an additional 2,476 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in Service Properties Trust by 13.0% in the second quarter. King Luther Capital Management Corp now owns 27,115 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 3,115 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Service Properties Trust by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 85,140 shares of the real estate investment trust’s stock valued at $438,000 after acquiring an additional 3,122 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Service Properties Trust by 30.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,553 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 3,135 shares in the last quarter. 77.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on SVC. B. Riley lowered their price objective on shares of Service Properties Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Wells Fargo & Company decreased their target price on shares of Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating for the company in a research report on Friday, September 13th.

Service Properties Trust Trading Up 0.8 %

Shares of SVC stock opened at $4.75 on Friday. The stock has a market capitalization of $787.98 million, a price-to-earnings ratio of -3.89 and a beta of 2.20. The company’s fifty day simple moving average is $4.66 and its two-hundred day simple moving average is $5.35. Service Properties Trust has a 1 year low of $4.26 and a 1 year high of $8.72. The company has a debt-to-equity ratio of 3.98, a current ratio of 0.01 and a quick ratio of 0.01.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). The firm had revenue of $512.95 million during the quarter, compared to analysts’ expectations of $509.33 million. Service Properties Trust had a negative return on equity of 17.17% and a negative net margin of 10.56%. During the same period in the previous year, the company posted $0.58 earnings per share. As a group, analysts anticipate that Service Properties Trust will post 1.21 earnings per share for the current year.

Service Properties Trust 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.