Quantinno Capital Management LP Sells 5,501 Shares of Service Properties Trust (NASDAQ:SVC)

Quantinno Capital Management LP lowered its position in Service Properties Trust (NASDAQ:SVC) by 28.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,878 shares of the real estate investment trust’s stock after selling 5,501 shares during the period. Quantinno Capital Management LP’s holdings in Service Properties Trust were worth $63,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Service Properties Trust by 12.3% in the third quarter. Van ECK Associates Corp now owns 28,352 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 3,112 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in Service Properties Trust by 13.0% during the 2nd quarter. King Luther Capital Management Corp now owns 27,115 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 3,115 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Service Properties Trust by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,140 shares of the real estate investment trust’s stock worth $438,000 after buying an additional 3,122 shares in the last quarter. abrdn plc increased its stake in shares of Service Properties Trust by 10.5% in the 3rd quarter. abrdn plc now owns 33,919 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 3,236 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in shares of Service Properties Trust by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 247,449 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 3,594 shares during the last quarter. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Price Performance

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

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings data 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). Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The company had revenue of $491.17 million for the quarter, compared to analyst estimates of $497.97 million. During the same period last year, the firm earned $0.56 earnings per share. As a group, analysts forecast that Service Properties Trust will post 1.13 EPS for the current year.

Service Properties Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.56%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

Analyst Upgrades and Downgrades

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