Whitebox Advisors LLC Has $2.92 Million Stake in Service Properties Trust (NASDAQ:SVC)

Whitebox Advisors LLC boosted its position in Service Properties Trust (NASDAQ:SVC) by 4.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 640,602 shares of the real estate investment trust’s stock after purchasing an additional 30,000 shares during the quarter. Whitebox Advisors LLC owned about 0.38% of Service Properties Trust worth $2,921,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SVC. Xponance Inc. bought a new position in shares of Service Properties Trust during the second quarter worth approximately $53,000. Choreo LLC bought a new position in Service Properties Trust during the 2nd quarter worth $54,000. Wolverine Trading LLC bought a new position in Service Properties Trust during the 3rd quarter worth $58,000. Walleye Capital LLC acquired a new position in Service Properties Trust in the 3rd quarter valued at $58,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Service Properties Trust during the 2nd quarter valued at $68,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Service Properties Trust Stock Down 2.5 %

Shares of NASDAQ SVC opened at $2.74 on Friday. The stock has a 50-day moving average price of $3.52 and a two-hundred day moving average price of $4.51. Service Properties Trust has a 12 month low of $2.47 and a 12 month high of $8.72. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The company has a market cap of $456.62 million, a price-to-earnings ratio of -1.86 and a beta of 2.19.

Service Properties Trust (NASDAQ:SVC) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). The company had revenue of $491.17 million for the quarter, compared to the consensus estimate of $497.97 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. During the same period in the previous year, the firm posted $0.56 EPS. As a group, analysts forecast that Service Properties Trust will post 1.13 earnings per share for the current fiscal year.

Service Properties Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a dividend of $0.01 per share. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.46%. Service Properties Trust’s dividend payout ratio is currently -2.72%.

Analysts Set New Price Targets

SVC has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Service Properties Trust from $4.00 to $3.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 26th. B. Riley decreased their target price on shares of Service Properties Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

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.