Service Properties Trust (NASDAQ:SVC) Stock Position Reduced by Community Bank of Raymore

Community Bank of Raymore trimmed its position in Service Properties Trust (NASDAQ:SVC) by 20.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,733 shares of the real estate investment trust’s stock after selling 20,907 shares during the quarter. Community Bank of Raymore’s holdings in Service Properties Trust were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Xponance Inc. bought a new stake in Service Properties Trust during the second quarter valued at $53,000. Wolverine Trading LLC bought a new stake in shares of Service Properties Trust during the 3rd quarter valued at about $58,000. Walleye Capital LLC acquired a new stake in Service Properties Trust during the third quarter worth about $58,000. Family Wealth Partners LLC bought a new position in Service Properties Trust in the third quarter worth about $69,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Service Properties Trust during the 3rd quarter valued at about $71,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Service Properties Trust Stock Performance

Shares of Service Properties Trust stock opened at $2.60 on Monday. The business has a fifty day simple moving average of $2.64 and a 200-day simple moving average of $3.93. Service Properties Trust has a fifty-two week low of $2.29 and a fifty-two week high of $8.14. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share 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 net margin of 12.87% and a negative return on equity of 22.67%. During the same quarter last year, the business posted $0.56 EPS. Research analysts predict that Service Properties Trust will post 1.13 earnings per share for the current year.

Service Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a $0.01 dividend. The ex-dividend date is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.54%. Service Properties Trust’s dividend payout ratio (DPR) 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.