Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 7,100,000 shares, a growth of 16.2% from the February 13th total of 6,110,000 shares. Currently, 4.6% of the company’s stock are short sold. Based on an average daily volume of 3,230,000 shares, the short-interest ratio is presently 2.2 days.

Service Properties Trust Price Performance

SVC stock opened at $2.49 on Wednesday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $414.93 million, a P/E ratio of -1.69 and a beta of 2.20. The business’s 50-day moving average is $2.70 and its two-hundred day moving average is $3.23. Service Properties Trust has a 1 year low of $2.29 and a 1 year high of $6.85.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Monday, January 27th. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.40%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price target on Service Properties Trust from $2.75 to $2.50 and set an “underweight” rating on the stock in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On Service Properties Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its position in shares of Service Properties Trust by 87.1% during the 4th quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 4,942 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $33,000. Cibc World Markets Corp acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $39,000. Corient Private Wealth LLC acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $41,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $48,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Company 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.