Service Properties Trust Stock to Reverse Split on Tuesday, July 7th (NASDAQ:SVC)

Service Properties Trust (NASDAQ:SVC)’s stock is going to reverse split before the market opens on Tuesday, July 7th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 6th.

Service Properties Trust Stock Performance

NASDAQ:SVC opened at $1.71 on Monday. The stock’s 50 day moving average price is $1.63 and its 200 day moving average price is $1.83. Service Properties Trust has a 52 week low of $1.13 and a 52 week high of $3.08. The company has a market capitalization of $1.11 billion, a P/E ratio of -1.20 and a beta of 1.65. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.01 and a current ratio of 0.01.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.40. The firm had revenue of $364.45 million for the quarter, compared to analyst estimates of $347.82 million. Service Properties Trust had a negative net margin of 13.59% and a negative return on equity of 38.18%. Service Properties Trust has set its FY 2026 guidance at 0.240-0.270 EPS. On average, research analysts forecast that Service Properties Trust will post 0.25 EPS for the current fiscal year.

Service Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, April 21st. This represents a $0.04 annualized dividend and a dividend yield of 2.3%. Service Properties Trust’s dividend payout ratio is -2.82%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SVC. Weiss Ratings lowered shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. Odeon Capital Group started coverage on shares of Service Properties Trust in a research report on Friday, May 8th. They set a “buy” rating and a $3.50 target price on the stock. B. Riley Financial raised their target price on Service Properties Trust from $2.00 to $2.50 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen cut Service Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $2.67.

Insider Activity

In other news, Director Adam D. Portnoy bought 41,666,666 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average price of $1.20 per share, for a total transaction of $49,999,999.20. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian E. Donley bought 55,000 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were purchased at an average cost of $1.20 per share, with a total value of $66,000.00. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 41,914,999 shares of company stock valued at $50,297,999 in the last quarter. 1.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Service Properties Trust

A number of hedge funds have recently bought and sold shares of SVC. BNP Paribas Financial Markets grew its position in shares of Service Properties Trust by 54.4% in the second quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 5,099 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Service Properties Trust by 40.2% during the 2nd quarter. Cerity Partners LLC now owns 29,838 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 8,554 shares during the last quarter. Jain Global LLC lifted its position in shares of Service Properties Trust by 37.8% during the 4th quarter. Jain Global LLC now owns 34,638 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 9,500 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Service Properties Trust by 10.9% during the 4th quarter. Renaissance Technologies LLC now owns 122,400 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 12,000 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Service Properties Trust by 98.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 24,150 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 12,006 shares during the period. 77.62% of the stock is currently owned by institutional investors.

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.