Rajan Penkar Acquires 10,000 Shares of Service Properties Trust (NASDAQ:SVC) Stock

Service Properties Trust (NASDAQ:SVC) Director Rajan Penkar purchased 10,000 shares of Service Properties Trust stock in a transaction dated Thursday, April 2nd. The stock was acquired at an average cost of $1.20 per share, with a total value of $12,000.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $12,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Service Properties Trust Stock Down 3.1%

SVC opened at $1.27 on Wednesday. The company has a debt-to-equity ratio of 5.00, a current ratio of 0.14 and a quick ratio of 0.14. The business has a 50 day simple moving average of $2.00 and a 200-day simple moving average of $2.05. The stock has a market capitalization of $213.44 million, a P/E ratio of -1.05 and a beta of 1.60. Service Properties Trust has a 12 month low of $1.13 and a 12 month high of $3.08.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings results on Wednesday, February 25th. The real estate investment trust reported $0.17 EPS for the quarter, beating the consensus estimate of $0.01 by $0.16. The business had revenue of $397.45 million during the quarter, compared to analysts’ expectations of $394.32 million. Service Properties Trust had a negative return on equity of 29.70% 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, January 26th. This represents a $0.04 annualized dividend and a yield of 3.1%. Service Properties Trust’s payout ratio is currently -3.31%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SVC. Wells Fargo & Company reduced their price objective on Service Properties Trust from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Service Properties Trust in a report on Thursday, January 22nd. B. Riley Financial raised Service Properties Trust from a “neutral” rating to a “buy” rating and set a $2.00 price objective for the company in a report on Thursday, April 2nd. Zacks Research cut Service Properties Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, Wall Street Zen raised Service Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.00.

Hedge Funds Weigh In On Service Properties Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC increased its position in Service Properties Trust by 30.8% during the first quarter. AQR Capital Management LLC now owns 1,346,098 shares of the real estate investment trust’s stock worth $3,446,000 after buying an additional 317,218 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Service Properties Trust by 114.8% during the first quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust’s stock worth $10,749,000 after buying an additional 2,200,754 shares in the last quarter. Strs Ohio purchased a new position in Service Properties Trust during the first quarter worth $77,000. Cetera Investment Advisers increased its position in Service Properties Trust by 54.5% during the second quarter. Cetera Investment Advisers now owns 104,585 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 36,873 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Service Properties Trust by 15.1% during the second quarter. JPMorgan Chase & Co. now owns 955,257 shares of the real estate investment trust’s stock worth $2,283,000 after buying an additional 125,256 shares in the last quarter. 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 (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.