Service Properties Trust (NASDAQ:SVC) Short Interest Update

Service Properties Trust (NASDAQ:SVC) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 4,471,072 shares, a decrease of 80.0% from the June 30th total of 22,394,106 shares. Based on an average daily trading volume, of 2,200,641 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.5% of the company’s shares are sold short.

Analyst Ratings Changes

Several research analysts have commented on the stock. LADENBURG THALM/SH SH started coverage on shares of Service Properties Trust in a report on Tuesday, June 30th. They issued a “buy” rating and a $11.25 price objective for the company. Odeon Capital Group assumed coverage on shares of Service Properties Trust in a report on Friday, May 8th. They issued a “buy” rating and a $17.50 price objective for the company. Wall Street Zen cut shares of Service Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Zacks Research downgraded shares of Service Properties Trust from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Finally, B. Riley Financial lifted their price objective on Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.81.

Service Properties Trust Price Performance

Shares of SVC traded down $0.12 during midday trading on Monday, hitting $8.34. 1,098,501 shares of the company traded hands, compared to its average volume of 1,543,657. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -1.17 and a beta of 1.65. The firm has a 50 day moving average of $8.50 and a 200-day moving average of $9.06. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.01 and a current ratio of 0.01. Service Properties Trust has a 52 week low of $5.65 and a 52 week high of $15.15.

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

Service Properties Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, July 20th. This is an increase from Service Properties Trust’s previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a yield of 2.4%. Service Properties Trust’s payout ratio is presently -2.82%.

Hedge Funds Weigh In On Service Properties Trust

Large investors have recently bought and sold shares of the business. Yorkville Advisors Global LP purchased a new stake in shares of Service Properties Trust during the first quarter valued at $28,333,000. Lonestar Capital Management LLC bought a new position in shares of Service Properties Trust during the third quarter valued at approximately $7,412,000. Goldman Sachs Group Inc. boosted its position in Service Properties Trust by 114.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust’s stock valued at $10,749,000 after acquiring an additional 2,200,754 shares in the last quarter. Silver Point Capital L.P. grew its stake in Service Properties Trust by 93.3% in the fourth quarter. Silver Point Capital L.P. now owns 3,439,000 shares of the real estate investment trust’s stock valued at $6,328,000 after purchasing an additional 1,660,000 shares during the last quarter. Finally, Philosophy Capital Management LLC purchased a new position in shares of Service Properties Trust in the 3rd quarter worth approximately $3,838,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

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.