PFG Investments LLC Has $165,000 Holdings in Service Properties Trust (NASDAQ:SVC)

PFG Investments LLC lifted its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 39.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 63,150 shares of the real estate investment trust’s stock after acquiring an additional 18,000 shares during the period. PFG Investments LLC’s holdings in Service Properties Trust were worth $165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nantahala Capital Management LLC acquired a new position in Service Properties Trust in the fourth quarter valued at about $20,553,000. Charles Schwab Investment Management Inc. raised its position in shares of Service Properties Trust by 20.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust’s stock valued at $19,188,000 after acquiring an additional 1,259,382 shares during the period. Geode Capital Management LLC boosted its stake in Service Properties Trust by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,563,212 shares of the real estate investment trust’s stock worth $11,593,000 after acquiring an additional 53,389 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Service Properties Trust during the fourth quarter valued at approximately $6,900,000. Finally, Jane Street Group LLC increased its stake 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 valued at $6,398,000 after purchasing an additional 2,437,613 shares in the last quarter. 77.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Service Properties Trust Stock Up 2.5%

Shares of SVC stock opened at $2.44 on Friday. The firm’s fifty day moving average price is $2.19 and its two-hundred day moving average price is $2.43. Service Properties Trust has a 1 year low of $1.71 and a 1 year high of $6.34. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 5.48. The firm has a market capitalization of $406.60 million, a P/E ratio of -1.29 and a beta of 1.87.

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 for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Service Properties Trust had a negative return on equity of 35.59% and a negative net margin of 16.54%. The firm had revenue of $435.18 million during the quarter, compared to the consensus estimate of $433.21 million.

Service Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.64%. The ex-dividend date was Tuesday, April 22nd. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.12%.

Service Properties Trust 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.