Wolverine Trading LLC Acquires New Stake in Service Properties Trust (NASDAQ:SVC)

Wolverine Trading LLC acquired a new stake in Service Properties Trust (NASDAQ:SVC) during the third quarter, according to its most recent filing with the SEC. The firm acquired 12,018 shares of the real estate investment trust’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SVC. Xponance Inc. purchased a new stake in shares of Service Properties Trust during the 2nd quarter worth $53,000. Choreo LLC purchased a new stake in shares of Service Properties Trust during the 2nd quarter worth $54,000. Walleye Capital LLC purchased a new stake in shares of Service Properties Trust during the 3rd quarter worth $58,000. Family Wealth Partners LLC purchased a new stake in shares of Service Properties Trust during the 3rd quarter worth $69,000. Finally, Metis Global Partners LLC boosted its position in shares of Service Properties Trust by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 18,082 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 5,056 shares in the last quarter. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

Service Properties Trust Price Performance

Service Properties Trust stock opened at $2.56 on Wednesday. Service Properties Trust has a 52 week low of $2.33 and a 52 week high of $8.72. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. The firm’s 50-day simple moving average is $3.18 and its 200 day simple moving average is $4.34. The firm has a market capitalization of $426.62 million, a PE ratio of -1.74 and a beta of 2.19.

Service Properties Trust (NASDAQ:SVC) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.28) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.65). Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The business had revenue of $491.17 million during the quarter, compared to analysts’ expectations of $497.97 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, equities research analysts predict that Service Properties Trust will post 1.13 EPS for the current fiscal year.

Service Properties Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.56%. Service Properties Trust’s dividend payout ratio is presently -2.72%.

Analysts Set New Price Targets

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

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.