Brian E. Donley Acquires 3,000 Shares of Service Properties Trust (NASDAQ:SVC) Stock



Confidence in the properties of the service (NASDAQ: SVCget rating) Chief Financial Officer Brian E. Donley purchased 3,000 shares of the stock in a transaction that took place on Friday, May 6. The shares were purchased at an average price of $6.60 per share, with a total value of $19,800.00. After completing the purchase, the CFO now owns 35,341 shares in the company, valued at $233,250.60. The purchase was disclosed in a filing with the Securities and Exchange Commission, which is available via this hyperlink.

SVC Shares traded down $0.53 during Monday trading, reaching $6.18. 16,718 shares of the company’s capital stock were exchanged, compared to its average volume of 1,546,791. The company has a current ratio of 2.23, a quick ratio of 2.08, and a debt-to-equity ratio of 4.98. The stock has a market cap of $1.02 billion, a P/E ratio of -2.35, and a beta of 2.12. The company has a fifty-day simple moving average of $8.35. Service Properties Trust has a 1-year minimum of $6.57 and a 1-year maximum of $15.39.

Confidence in the properties of the service (NASDAQ: SVCget rating) last posted its earnings results on Thursday, February 24. The real estate investment trust reported ($1.21) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.54) to ($0.67). Service Properties Trust had a negative return on equity of 28.63% and a negative net margin of 28.83%. During the same period last year, the business earned ($0.14) EPS. On average, analysts expect Service Properties Trust to post earnings per share of 1.31 for the current year.

The firm also recently revealed a quarterly dividend, to be paid on Thursday, May 19. Shareholders of record on Monday, April 25 will receive a dividend of $0.01. The ex-dividend date of this dividend is Friday, April 22. This represents an annualized dividend of $0.04 and a dividend yield of 0.65%. Service Properties Trust’s dividend payout ratio is currently -1.40%.

SVC has been the subject of a number of recent investigative reports. B. Riley lowered his target price on Service Properties Trust from $13.00 to $11.00 in a research note on Monday. Zacks Investment Research updated Service Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3. Finally, Oppenheimer took over the coverage of Service Properties Trust in an investigative report on Thursday, April 21. They establish a “market performance” rating for the company.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC increased its position in shares of Service Properties Trust by 68.8% in the third quarter. Penserra Capital Management LLC now owns 4,550 shares of the real estate investment trust worth $51,000 after purchasing an additional 1,855 shares last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Service Properties Trust by 120.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,952 shares of the real estate investment trust worth $56,000 after purchasing an additional 2,707 shares last quarter. Van ECK Associates Corp increased its position in shares of Service Properties Trust by 15.6% in the third quarter. Van ECK Associates Corp now owns 7,653 shares of the real estate investment trust worth $86,000 after purchasing an additional 1,034 shares last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Service Properties Trust stock in the third quarter worth approximately $112,000. Finally, First Republic Investment Management Inc. purchased a new position in Service Properties Trust stock in the fourth quarter worth approximately $89,000. Currently, 79.60% of the shares are owned by institutional investors.

About trust in service properties (get rating)

Service Properties Trust is a real estate investment trust, or REIT, that owns a diverse portfolio of hotel and service net leasing and need-based retail properties in the United States and in Puerto Rico and Canada with 149 distinct brands in 23 industries. SVC’s properties are primarily operated under long-term lease or management contracts.

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