65,000 Shares in Service Properties Trust $SVC Purchased by SummitTX Capital L.P.

SummitTX Capital L.P. bought a new position in Service Properties Trust (NASDAQ:SVC) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 65,000 shares of the real estate investment trust’s stock, valued at approximately $88,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. HighRoad Wealth Advisors LLC purchased a new stake in shares of Service Properties Trust during the 4th quarter valued at about $29,000. Abel Hall LLC bought a new stake in shares of Service Properties Trust in the fourth quarter worth approximately $32,000. Caxton Associates LLP bought a new stake in shares of Service Properties Trust in the third quarter worth approximately $33,000. BNP Paribas Financial Markets raised its holdings in shares of Service Properties Trust by 54.4% during the second quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 5,099 shares during the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of Service Properties Trust during the first quarter valued at approximately $44,000. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Performance

Shares of NASDAQ SVC opened at $8.03 on Friday. The stock has a market cap of $1.04 billion, a PE ratio of -1.13 and a beta of 1.65. Service Properties Trust has a 1 year low of $5.65 and a 1 year high of $15.05. The firm has a fifty day moving average price of $8.47 and a 200-day moving average price of $9.00. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.01 and a quick ratio of 0.01.

Service Properties Trust (NASDAQ:SVC) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.82) by $2.02. The company had revenue of $364.45 million for the quarter, compared to analysts’ expectations of $347.82 million. Service Properties Trust had a negative net margin of 13.59% and a negative return on equity of 38.18%. Service Properties Trust has set its FY 2026 guidance at 0.240-0.270 EPS. Equities analysts anticipate that Service Properties Trust will post 1.25 earnings per share for the current fiscal year.

Service Properties Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be issued a dividend of $0.05 per share. This is a boost from Service Properties Trust’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, July 20th. Service Properties Trust’s payout ratio is -2.82%.

Analyst Ratings Changes

A number of brokerages have weighed in on SVC. Wall Street Zen lowered shares of Service Properties Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Zacks Research lowered Service Properties Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Odeon Capital Group began coverage on Service Properties Trust in a research report on Friday, May 8th. They set a “buy” rating and a $17.50 price objective for the company. Finally, LADENBURG THALM/SH SH began coverage on Service Properties Trust in a research report on Tuesday, June 30th. They set a “buy” rating and a $11.25 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $12.81.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.

Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.