Service Properties Trust (NASDAQ:SVC) Trading Up 14.1% – Should You Buy?

Service Properties Trust (NASDAQ:SVC) was up 14.1% during trading on Thursday . The stock traded as high as $3.03 and last traded at $3.04. Approximately 1,926,537 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 1,596,819 shares. The stock had previously closed at $2.66.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price objective on Service Properties Trust from $2.75 to $2.50 and set an “underweight” rating for the company in a research note on Tuesday, February 18th.

Service Properties Trust Stock Up 2.8 %

The firm has a market capitalization of $496.61 million, a price-to-earnings ratio of -2.03 and a beta of 2.19. The business has a 50 day simple moving average of $2.66 and a 200-day simple moving average of $3.40. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, January 27th. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.40%.

Institutional Trading of Service Properties Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $626,000. Alpine Global Management LLC acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $200,000. Two Sigma Advisers LP increased its position in shares of Service Properties Trust by 805.0% during the 4th quarter. Two Sigma Advisers LP now owns 400,900 shares of the real estate investment trust’s stock worth $1,018,000 after purchasing an additional 356,600 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $1,807,000. Finally, Tidal Investments LLC acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $33,000. 77.62% of the stock is owned by institutional investors and hedge funds.

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.