Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 3,930,000 shares, a decline of 62.5% from the December 31st total of 10,470,000 shares. Currently, 2.6% of the company’s stock are sold short. Based on an average daily volume of 3,570,000 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

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

Institutional Trading of Service Properties Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Xponance Inc. bought a new position in shares of Service Properties Trust during the 2nd quarter valued at approximately $53,000. Wolverine Trading LLC bought a new position in Service Properties Trust in the third quarter worth approximately $58,000. Walleye Capital LLC purchased a new position in shares of Service Properties Trust during the third quarter valued at $58,000. Family Wealth Partners LLC purchased a new position in Service Properties Trust during the 3rd quarter valued at about $69,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Service Properties Trust during the third quarter valued at approximately $71,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Trading Down 2.4 %

NASDAQ SVC traded down $0.07 during trading on Wednesday, hitting $2.79. The company had a trading volume of 1,304,160 shares, compared to its average volume of 1,662,081. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a one year low of $2.29 and a one year high of $8.01. The company has a market cap of $464.95 million, a price-to-earnings ratio of -1.90 and a beta of 2.19. The company’s fifty day moving average is $2.63 and its 200-day moving average is $3.81.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). The firm had revenue of $491.17 million for the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.56 EPS.

Service Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Monday, January 27th. Service Properties Trust’s payout ratio 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.