Service Properties Trust (NASDAQ:SVC) Hits New 52-Week Low – What’s Next?

Service Properties Trust (NASDAQ:SVC) shares hit a new 52-week low during trading on Monday . The company traded as low as $3.15 and last traded at $3.15, with a volume of 162 shares traded. The stock had previously closed at $3.20.

Wall Street Analysts Forecast Growth

SVC has been the subject of several analyst reports. B. Riley reduced their price target on shares of Service Properties Trust from $9.00 to $8.00 and set a “buy” rating for the company in a 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 Trading Down 2.3 %

The stock has a market capitalization of $491.03 million, a P/E ratio of -2.43 and a beta of 2.23. The business has a 50 day simple moving average of $4.32 and a 200-day simple moving average of $4.98. The company has a debt-to-equity ratio of 3.98, a quick ratio of 0.01 and a current ratio of 0.01.

Service Properties Trust (NASDAQ:SVC) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.94). Service Properties Trust had a negative net margin of 10.56% and a negative return on equity of 17.17%. The firm had revenue of $512.95 million for the quarter, compared to the consensus estimate of $509.33 million. During the same period in the prior year, the business earned $0.58 EPS. On average, analysts predict that Service Properties Trust will post 1.21 EPS for the current year.

Service Properties Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.35%. Service Properties Trust’s dividend payout ratio (DPR) is -3.28%.

Institutional Trading of Service Properties Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in SVC. Xponance Inc. bought a new position in shares of Service Properties Trust in the second quarter valued at $53,000. Choreo LLC purchased a new stake in shares of Service Properties Trust during the second quarter valued at $54,000. Sequoia Financial Advisors LLC acquired a new position in shares of Service Properties Trust in the 2nd quarter valued at $68,000. Family Wealth Partners LLC acquired a new position in shares of Service Properties Trust in the 3rd quarter valued at $69,000. Finally, NorthRock Partners LLC purchased a new position in Service Properties Trust in the 1st quarter worth about $75,000. 77.62% of the stock is owned by institutional investors and hedge funds.

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.