Service Properties Trust (NASDAQ:SVC) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Service Properties Trust (NASDAQ:SVC) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.62 and traded as high as $2.94. Service Properties Trust shares last traded at $2.89, with a volume of 1,848,720 shares.

Analysts Set New Price Targets

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

Service Properties Trust Trading Up 5.5 %

The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The company has a market cap of $481.62 million, a price-to-earnings ratio of -1.97 and a beta of 2.19. The firm has a 50-day moving average price of $2.62 and a 200 day moving average price of $3.85.

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

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 issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.38%. Service Properties Trust’s dividend payout ratio is currently -2.72%.

Hedge Funds Weigh In On Service Properties Trust

Several institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Service Properties Trust by 395.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust’s stock valued at $4,735,000 after purchasing an additional 828,765 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Service Properties Trust by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,294,874 shares of the real estate investment trust’s stock valued at $28,705,000 after acquiring an additional 616,718 shares during the period. Capital Management Corp VA grew its position in shares of Service Properties Trust by 9.6% during the third quarter. Capital Management Corp VA now owns 5,174,563 shares of the real estate investment trust’s stock worth $23,596,000 after acquiring an additional 453,944 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Service Properties Trust by 65.3% in the 2nd quarter. AQR Capital Management LLC now owns 734,572 shares of the real estate investment trust’s stock worth $3,607,000 after acquiring an additional 290,208 shares during the period. Finally, Barclays PLC lifted its position in Service Properties Trust by 310.6% in the 3rd quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust’s stock valued at $1,279,000 after purchasing an additional 212,130 shares during the last quarter. 77.62% of the stock is owned by institutional investors.

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.