Tudor Investment Corp ET AL Reduces Stock Holdings in Service Properties Trust $SVC

Tudor Investment Corp ET AL trimmed its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 66.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,452 shares of the real estate investment trust’s stock after selling 394,909 shares during the quarter. Tudor Investment Corp ET AL owned 0.12% of Service Properties Trust worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SVC. Lonestar Capital Management LLC acquired a new stake in Service Properties Trust during the 3rd quarter worth about $7,412,000. Goldman Sachs Group Inc. lifted its position in Service Properties Trust by 114.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust’s stock worth $10,749,000 after acquiring an additional 2,200,754 shares during the period. Philosophy Capital Management LLC acquired a new stake in Service Properties Trust during the 3rd quarter worth about $3,838,000. Varde Management L.P. acquired a new stake in Service Properties Trust during the 3rd quarter worth about $3,695,000. Finally, Bank of America Corp DE lifted its position in Service Properties Trust by 158.9% during the 3rd quarter. Bank of America Corp DE now owns 1,166,131 shares of the real estate investment trust’s stock worth $3,160,000 after acquiring an additional 715,770 shares during the period. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SVC has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Service Properties Trust in a research 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 target for the company in a research report on Thursday, April 2nd. Wells Fargo & Company lowered their price target on Service Properties Trust from $2.50 to $2.00 and set an “equal weight” rating for the company in a research report on Thursday, January 22nd. Zacks Research cut Service Properties Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Wall Street Zen raised Service Properties Trust from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.00.

Insider Buying and Selling

In other Service Properties Trust news, Director Donna D. Fraiche purchased 83,333 shares of Service Properties Trust stock in a transaction that occurred on Thursday, April 2nd. The stock was bought at an average price of $1.20 per share, with a total value of $99,999.60. Following the acquisition, the director owned 182,013 shares of the company’s stock, valued at $218,415.60. This trade represents a 84.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Adam D. Portnoy purchased 41,666,666 shares of Service Properties Trust stock in a transaction that occurred on Thursday, April 2nd. The stock was acquired at an average cost of $1.20 per share, with a total value of $49,999,999.20. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 41,914,999 shares of company stock worth $50,297,999 in the last ninety days. 1.57% of the stock is owned by corporate insiders.

Service Properties Trust Stock Performance

Shares of SVC stock opened at $1.40 on Thursday. The stock has a market cap of $235.27 million, a PE ratio of -1.16 and a beta of 1.60. The business has a 50-day simple moving average of $1.92 and a 200-day simple moving average of $1.99. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 5.00. Service Properties Trust has a 52-week low of $1.13 and a 52-week high of $3.08.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.17 earnings per share (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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Tuesday, April 21st will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a $0.04 dividend on an annualized basis and a yield of 2.9%. Service Properties Trust’s dividend payout ratio is presently -3.31%.

Service Properties Trust Profile

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.