Service Properties Trust (NASDAQ:SVC) CEO Christopher Bilotto Buys 100,000 Shares of Stock

Service Properties Trust (NASDAQ:SVC) CEO Christopher Bilotto purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were purchased at an average cost of $1.20 per share, for a total transaction of $120,000.00. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Service Properties Trust Price Performance

NASDAQ SVC traded up $0.03 during mid-day trading on Thursday, hitting $1.21. The stock had a trading volume of 23,374,139 shares, compared to its average volume of 2,922,002. The company has a 50 day simple moving average of $2.06 and a 200 day simple moving average of $2.10. The company has a market cap of $202.51 million, a price-to-earnings ratio of -1.00 and a beta of 1.60. Service Properties Trust has a 52-week low of $1.13 and a 52-week high of $3.08. 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 (NASDAQ:SVC) last posted its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.16. The company had revenue of $397.45 million for the quarter, compared to the consensus estimate 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, January 26th. Service Properties Trust’s dividend payout ratio is presently -3.31%.

Institutional Investors Weigh In On Service Properties Trust

Hedge funds have recently modified their holdings of the company. Lonestar Capital Management LLC purchased a new stake in Service Properties Trust in the 3rd quarter worth approximately $7,412,000. Goldman Sachs Group Inc. boosted its holdings in shares of 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 purchasing an additional 2,200,754 shares during the last quarter. Silver Point Capital L.P. grew its position in shares of Service Properties Trust by 93.3% in the fourth quarter. Silver Point Capital L.P. now owns 3,439,000 shares of the real estate investment trust’s stock valued at $6,328,000 after purchasing an additional 1,660,000 shares during the period. Philosophy Capital Management LLC acquired a new position in Service Properties Trust in the third quarter valued at $3,838,000. Finally, Varde Management L.P. purchased a new position in Service Properties Trust during the third quarter worth about $3,695,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SVC has been the subject of a number of research reports. B. Riley Financial upgraded shares of Service Properties Trust from a “neutral” rating to a “buy” rating and set a $2.00 target price for the company in a research report on Thursday. Zacks Research cut shares of Service Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Wells Fargo & Company cut their price objective 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. Wall Street Zen raised Service Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Service Properties Trust in a report on Thursday, January 22nd. One investment 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $2.00.

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.