Service Properties Trust Short-Term Interest Update (NASDAQ: SVC)


Service Properties Trust (NASDAQ: SVC) benefited from a significant drop in short-term interest rates in November. As of November 15, there was short interest totaling 2,450,000 shares, a decrease of 21.0% from the total of 3,100,000 shares as of October 31. Based on an average daily volume of 1,040,000 shares, the short-term interest rate is currently 2.4 days. Currently, 1.5% of the company’s shares are sold short.

Service Properties Fiduciary Actions opened for $ 8.54 on Friday. The company has a fifty-day moving average of $ 10.77 and a two-hundred-day moving average of $ 11.49. The company has a rapid ratio of 2.07, a current ratio of 2.07, and a debt ratio of 4.07. The company has a market cap of $ 1.41 billion, a P / E ratio of -2.90 and a beta of 2.32. Service Properties Trust has a twelve month minimum of $ 7.95 and a twelve month maximum of $ 15.39.

Service Properties Trust (NASDAQ: SVC) last released its results on Thursday, November 4. The REIT reported ($ 0.36) earnings per share for the quarter, beating analyst consensus estimates of ($ 0.61) by $ 0.25. Service Properties Trust recorded a negative return on equity of 25.52% and a negative net margin of 35.97%. In the same quarter of last year, the company made earnings per share of $ 0.14. Stock analysts expect Service Properties Trust to post earnings per share of 0.33 for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 18. Shareholders of record on Monday, October 25, received a dividend of $ 0.01 per share. This represents a dividend of $ 0.04 on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday October 22. Service Properties Trust’s payout ratio is currently -1.36%.

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A number of brokerage firms have recently published reports on SVC. Wells Fargo & Company downgraded Service Properties Trust from an “equal weight” rating to an “underweight” rating in a report released on Monday, October 18. B. Riley downgraded Service Properties Trust from a “neutral” rating to a “buy” rating and set a target price of $ 15.00 for the company in a report released on Tuesday, August 10. Ultimately, Zacks investment research downgraded Service Properties Trust from a “strong buy” rating to a “conservation” rating in a report released Thursday, November 11.

Several hedge funds have recently changed their holdings to SVCs. O Shaughnessy Asset Management LLC increased its position in Service Properties Trust shares by 954.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,245 real estate investment trust shares valued at $ 28,000 after purchasing an additional 2,032 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Service Properties Trust in the second quarter valued at $ 33,000. Advisory Services Network LLC acquired a new position in shares of Service Properties Trust in the second quarter valued at $ 44,000. Samalin Investment Counsel LLC acquired a new position in shares of Service Properties Trust in the second quarter valued at $ 76,000. Finally, Van ECK Associates Corp increased its position in Service Properties Trust shares by 15.6% in the 3rd quarter. Van ECK Associates Corp now owns 7,653 shares of the REIT valued at $ 86,000 after acquiring an additional 1,034 shares during the period. 83.84% of the shares are currently held by institutional investors and hedge funds.

Service Properties Trust Company Profile

Service Properties Trust is a real estate investment trust that provides hospitality and travel services. It operates through the following segments of hotel investments and net rental investments. The company has hotels and travel centers located in the United States, Ontario, Canada and Puerto Rico.

Further Reading: Understanding The Price / Earnings (PE) Ratio

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