Service Properties Trust $SVC Shares Newly Purchased by DBA Trading LLC

DBA Trading LLC bought a new stake in Service Properties Trust (NASDAQ:SVC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 99,651 shares of the real estate investment trust’s stock, valued at approximately $642,000. Service Properties Trust comprises about 1.1% of DBA Trading LLC’s investment portfolio, making the stock its 22nd biggest position. DBA Trading LLC owned approximately 0.08% of Service Properties Trust at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vise Technologies Inc. acquired a new position in Service Properties Trust in the third quarter valued at approximately $74,000. Sequoia Financial Advisors LLC acquired a new stake in Service Properties Trust during the 2nd quarter worth $66,000. WINTON GROUP Ltd raised its position in shares of Service Properties Trust by 94.8% during the 2nd quarter. WINTON GROUP Ltd now owns 67,000 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 32,600 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Service Properties Trust during the 2nd quarter valued at $71,000. Finally, Arizona State Retirement System bought a new stake in shares of Service Properties Trust during the 2nd quarter valued at $279,000. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Up 6.2%

Service Properties Trust stock opened at $5.47 on Wednesday. The company’s 50 day simple moving average is $6.43 and its 200 day simple moving average is $8.19. Service Properties Trust has a fifty-two week low of $4.99 and a fifty-two week high of $12.15. The firm has a market capitalization of $710.08 million, a price-to-earnings ratio of -0.78 and a beta of 1.78. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.02 and a quick ratio of 0.02.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.39). Service Properties Trust had a negative net margin of 29.31% and a negative return on equity of 69.76%. The firm had revenue of $399.52 million for the quarter, compared to analyst estimates of $318.62 million. As a group, sell-side analysts anticipate that Service Properties Trust will post 1.15 EPS for the current year.

Service Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.87%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Service Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. LADENBURG THALM/SH SH decreased their price objective on Service Properties Trust from $11.25 to $9.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Zacks Research upgraded Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Loop Capital set a $9.00 target price on Service Properties Trust in a research note on Friday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.60.

About Service Properties Trust

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust that owns hotels and service-focused retail properties. Its hotel portfolio includes lodging properties operated by third-party management companies and affiliated with a range of hotel brands. Its retail properties are generally leased to businesses that provide services to travelers and local customers. The trust’s properties are located primarily in the United States. Service Properties Trust was formerly known as Hospitality Properties Trust, reflecting its earlier focus on hotels, before adopting its current name as its portfolio expanded to include service-focused retail real estate.