Insider Buying: Service Properties Trust (NASDAQ:SVC) Director Purchases 41,666,666 Shares of Stock

Service Properties Trust (NASDAQ:SVC) Director Adam Portnoy acquired 41,666,666 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was acquired at an average price of $1.20 per share, with a total value of $49,999,999.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Service Properties Trust Stock Up 2.1%

Shares of SVC stock traded up $0.03 during trading on Thursday, reaching $1.21. The company’s stock had a trading volume of 23,374,139 shares, compared to its average volume of 2,922,002. The company has a market cap of $202.51 million, a price-to-earnings ratio of -1.00 and a beta of 1.60. Service Properties Trust has a one year low of $1.13 and a one year high of $3.08. The business has a fifty day moving average price of $2.06 and a 200-day moving average price of $2.10. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 5.00.

Service Properties Trust (NASDAQ:SVC) last released its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.16. Service Properties Trust had a negative return on equity of 29.70% and a negative net margin of 11.15%.The firm had revenue of $397.45 million for the quarter, compared to analyst estimates of $394.32 million. Service Properties Trust has set its FY 2026 guidance at 0.650-0.770 EPS.

Service Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, January 26th. Service Properties Trust’s payout ratio is -3.31%.

Hedge Funds Weigh In On Service Properties Trust

Several hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL increased its position in Service Properties Trust by 183.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 568,635 shares of the real estate investment trust’s stock worth $1,046,000 after buying an additional 368,183 shares during the last quarter. Readystate Asset Management LP grew its stake in shares of Service Properties Trust by 49.1% during the 4th quarter. Readystate Asset Management LP now owns 3,397,015 shares of the real estate investment trust’s stock worth $6,251,000 after acquiring an additional 1,119,181 shares during the period. Millennium Management LLC grew its stake in shares of Service Properties Trust by 101.6% during the 4th quarter. Millennium Management LLC now owns 1,109,625 shares of the real estate investment trust’s stock worth $2,042,000 after acquiring an additional 559,312 shares during the period. Inspire Investing LLC increased its holdings in Service Properties Trust by 52.6% in the 4th quarter. Inspire Investing LLC now owns 259,325 shares of the real estate investment trust’s stock worth $477,000 after acquiring an additional 89,368 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Service Properties Trust by 40.5% in the 4th quarter. AQR Capital Management LLC now owns 1,334,104 shares of the real estate investment trust’s stock valued at $2,455,000 after acquiring an additional 384,375 shares during the period. Institutional investors own 77.62% of the company’s stock.

Wall Street Analyst Weigh In

SVC has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Service Properties Trust in a research note on Thursday, January 22nd. Zacks Research cut shares of Service Properties Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Wells Fargo & Company reduced their target price on Service Properties Trust from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. B. Riley Financial raised Service Properties Trust from a “neutral” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Thursday. Finally, Wall Street Zen raised Service Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $2.00.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.

Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.