Service Properties Trust (NASDAQ:SVC) Sees Significant Decline in Short Interest

Service Properties Trust (NASDAQ:SVC) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,930,000 shares, a drop of 62.5% from the December 31st total of 10,470,000 shares. Based on an average daily trading volume, of 3,570,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 2.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Service Properties Trust

A number of large investors have recently modified their holdings of SVC. Xponance Inc. acquired a new position in Service Properties Trust during the second quarter worth about $53,000. Wolverine Trading LLC acquired a new position in shares of Service Properties Trust during the 3rd quarter worth approximately $58,000. Walleye Capital LLC purchased a new stake in shares of Service Properties Trust in the third quarter valued at approximately $58,000. Family Wealth Partners LLC acquired a new stake in shares of Service Properties Trust in the third quarter valued at approximately $69,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Service Properties Trust during the third quarter worth approximately $71,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Price Performance

SVC traded down $0.07 during midday trading on Wednesday, hitting $2.79. 1,304,160 shares of the company traded hands, compared to its average volume of 1,662,081. The company has a market capitalization of $464.95 million, a price-to-earnings ratio of -1.90 and a beta of 2.19. The business has a 50 day simple moving average of $2.63 and a two-hundred day simple moving average of $3.81. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a 52-week low of $2.29 and a 52-week high of $8.01.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.65). Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The firm had revenue of $491.17 million during the quarter, compared to analyst estimates of $497.97 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.43%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their price objective on Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating on the stock in a report on Monday, December 9th.

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.