Laurie Burns Sells 87,680 Shares of Service Properties Trust (NASDAQ:SVC) Stock
by Danessa Lincoln · The Markets DailyService Properties Trust (NASDAQ:SVC – Get Free Report) Director Laurie Burns sold 87,680 shares of Service Properties Trust stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $2.32, for a total transaction of $203,417.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Service Properties Trust Price Performance
Shares of NASDAQ SVC traded down $0.07 during midday trading on Friday, reaching $2.30. The stock had a trading volume of 3,415,925 shares, compared to its average volume of 1,651,129. The company has a market capitalization of $386.54 million, a price-to-earnings ratio of -1.90 and a beta of 1.46. Service Properties Trust has a 12-month low of $1.55 and a 12-month high of $3.08. The stock has a 50-day moving average of $2.06 and a 200-day moving average of $2.22. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.17 and a current ratio of 0.17.
Service Properties Trust (NASDAQ:SVC – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.16. The business had revenue of $397.45 million during the quarter, compared to analyst estimates of $394.32 million. Service Properties Trust had a negative return on equity of 29.20% and a negative net margin of 11.15%.Service Properties Trust has set its FY 2026 guidance at 0.650-0.770 EPS.
Service Properties Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, January 26th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, January 26th. Service Properties Trust’s dividend payout ratio is presently -3.31%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on SVC. Wells Fargo & Company dropped their target price on shares of Service Properties Trust from $2.50 to $2.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Service Properties Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Service Properties Trust in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Service Properties Trust presently has a consensus rating of “Reduce” and an average price target of $2.50.
Read Our Latest Analysis on SVC
Institutional Trading of Service Properties Trust
Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in Service Properties Trust by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,693,982 shares of the real estate investment trust’s stock worth $15,997,000 after acquiring an additional 136,283 shares in the last quarter. Capital Management Corp VA boosted its holdings in shares of Service Properties Trust by 1.8% in the 4th quarter. Capital Management Corp VA now owns 7,089,800 shares of the real estate investment trust’s stock worth $13,045,000 after purchasing an additional 125,395 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Service Properties Trust by 8.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,810,031 shares of the real estate investment trust’s stock valued at $12,530,000 after purchasing an additional 553,942 shares during the last quarter. Susquehanna Advisors Group Inc. raised its holdings in Service Properties Trust by 17.4% during the 4th quarter. Susquehanna Advisors Group Inc. now owns 6,014,299 shares of the real estate investment trust’s stock valued at $11,066,000 after buying an additional 892,880 shares during the period. Finally, Geode Capital Management LLC lifted its position in Service Properties Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 4,221,659 shares of the real estate investment trust’s stock worth $7,769,000 after buying an additional 26,994 shares during the last quarter. 77.62% of the stock is currently owned by hedge funds and other institutional investors.
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.