D. E. Shaw & Co. Inc. Invests $3.59 Million in Service Properties Trust (NASDAQ:SVC)

D. E. Shaw & Co. Inc. purchased a new position in shares of Service Properties Trust (NASDAQ:SVC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,414,633 shares of the real estate investment trust’s stock, valued at approximately $3,593,000. D. E. Shaw & Co. Inc. owned 0.85% of Service Properties Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nantahala Capital Management LLC bought a new position in shares of Service Properties Trust during the fourth quarter valued at $20,553,000. Balyasny Asset Management L.P. bought a new position in Service Properties Trust during the fourth quarter worth $6,900,000. Jane Street Group LLC grew its holdings in Service Properties Trust by 2,999.1% in the fourth quarter. Jane Street Group LLC now owns 2,518,890 shares of the real estate investment trust’s stock worth $6,398,000 after purchasing an additional 2,437,613 shares during the period. Whitebox Advisors LLC grew its holdings in Service Properties Trust by 234.8% in the fourth quarter. Whitebox Advisors LLC now owns 2,144,899 shares of the real estate investment trust’s stock worth $5,448,000 after purchasing an additional 1,504,297 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Service Properties Trust by 20.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust’s stock worth $19,188,000 after purchasing an additional 1,259,382 shares during the period. Institutional investors own 77.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SVC shares. B. Riley started coverage on shares of Service Properties Trust in a report on Tuesday, April 22nd. They set a “neutral” rating and a $2.00 price objective for the company. Wells Fargo & Company raised shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and raised their price target for the company from $2.50 to $4.00 in a research report on Wednesday, March 19th.

Service Properties Trust Stock Performance

Shares of SVC stock opened at $2.22 on Monday. The firm has a market cap of $369.93 million, a price-to-earnings ratio of -1.51 and a beta of 1.77. 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 $1.71 and a 52 week high of $6.34. The firm’s 50-day simple moving average is $2.18 and its two-hundred day simple moving average is $2.53.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. The company had revenue of $435.18 million for the quarter, compared to analyst estimates of $433.21 million.

Service Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.80%. Service Properties Trust’s dividend payout ratio is currently -2.12%.

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.