Nisa Investment Advisors LLC Has $256,000 Stock Position in Service Properties Trust (NASDAQ:SVC)

Nisa Investment Advisors LLC cut its stake in shares of Service Properties Trust (NASDAQ:SVC) by 40.8% in the third quarter, Holdings Channel reports. The firm owned 56,186 shares of the real estate investment trust’s stock after selling 38,754 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Service Properties Trust were worth $256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Xponance Inc. acquired a new stake in shares of Service Properties Trust during the second quarter worth about $53,000. Choreo LLC acquired a new stake in Service Properties Trust during the 2nd quarter worth approximately $54,000. NorthRock Partners LLC bought a new position in Service Properties Trust in the first quarter valued at approximately $75,000. Sequoia Financial Advisors LLC acquired a new position in shares of Service Properties Trust in the second quarter valued at approximately $68,000. Finally, Family Wealth Partners LLC bought a new stake in shares of Service Properties Trust during the third quarter worth $69,000. Institutional investors own 77.62% of the company’s stock.

Analyst Upgrades and Downgrades

SVC has been the topic of several research reports. B. Riley cut their price objective on shares of Service Properties Trust from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Wells Fargo & Company reduced their price objective on Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating for the company in a research report on Friday, September 13th.

Service Properties Trust Stock Performance

Shares of SVC stock opened at $3.31 on Thursday. Service Properties Trust has a 12 month low of $2.93 and a 12 month high of $8.72. The company’s fifty day simple moving average is $4.30 and its 200-day simple moving average is $4.97. The firm has a market cap of $549.10 million, a PE ratio of -2.71 and a beta of 2.23. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 3.98.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). The business had revenue of $512.95 million for the quarter, compared to analyst estimates of $509.33 million. Service Properties Trust had a negative return on equity of 17.17% and a negative net margin of 10.56%. During the same quarter in the prior year, the company earned $0.58 earnings per share. Equities research analysts expect that Service Properties Trust will post 1.21 EPS for the current fiscal year.

Service Properties Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.21%. Service Properties Trust’s dividend payout ratio (DPR) is presently -3.28%.

About Service Properties Trust

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.