Citigroup Boosts Stake in Service Properties Trust to $2.14 Million
December 12, 2023
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Service Properties Trust ($NASDAQ:SVC) (SPT) is a real estate investment trust that owns, operates and redevelops hotels and other hospitality properties. SPT holds a diversified portfolio of hotels in the United States, as well as some properties in Canada and Puerto Rico. The company recently announced that Citigroup Inc. has increased its stake in the company to $2.14 million. This move marks an increase of more than 8% from the previous quarter. This has led to SPT being one of the best performing REITs in the United States.
This increased demand for SPT has also attracted investors such as Citigroup Inc., which is clearly looking to capitalize on the potential of this stock. With Citigroup Inc. increasing its stake in Service Properties Trust, it is clear that this company is confident in the potential of their stock. Investors should be sure to keep an eye on this stock and how it will continue to perform in the market. As one of the best performing REITs in the United States, SPT is an attractive option for any investor looking for a reliable investment vehicle.
Market Price
At the start of trading, the stock opened at $7.4, and ended the day at $7.7, representing an increase of 3.6% from the last closing price of 7.4. The announcement was a welcome respite for investors, who have seen a difficult year for SVC stock. Despite this recent surge in price, SVC will need to continue to deliver strong results to build on this momentum and maintain investor confidence. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SVC. More…
| Total Revenues | Net Income | Net Margin |
| 1.89k | -20.86 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SVC. More…
| Operations | Investing | Financing |
| 49.9 | -101.31 | 907.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SVC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.6k | 6.3k | 7.85 |
Key Ratios Snapshot
Some of the financial key ratios for SVC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 11.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has analyzed SERVICE PROPERTIES TRUST’s financials and based on our Star Chart, the company is deemed as strong in assets, dividend, and profitability and weak in growth. SERVICE PROPERTIES TRUST is classified as a ‘cow’, which is a type of company that has the track record of paying out consistent and sustainable dividends. Investors who are looking for such companies with low volatility and consistent payouts will likely be interested in investing in SERVICE PROPERTIES TRUST. Additionally, with an intermediate health score of 4/10 considering its cashflows and debt, SERVICE PROPERTIES TRUST is likely to safely ride out any crisis without the risk of bankruptcy. More…
Peers
The company’s portfolio includes properties in the United States, Canada, and Europe. Sunstone Hotel Investors Inc, Regal Real Estate Investment Trust, and FibraHotel are all competitors of Service Properties Trust.
– Sunstone Hotel Investors Inc ($NYSE:SHO)
Sunstone Hotel Investors Inc is a real estate investment trust that focuses on owning and operating hotels. As of December 31, 2020, the company owned 40 hotels with a total of 11,017 rooms. The company’s market cap is $2.28 billion as of March 2021.
Sunstone Hotel Investors Inc was founded in 1997 and is headquartered in Irvine, California.
– Regal Real Estate Investment Trust ($SEHK:01881)
As of 2022, Regal Real Estate Investment Trust has a market cap of 3.13B. The company is a real estate investment trust that invests in a portfolio of properties in the United States. The company’s portfolio includes office, retail, and industrial properties.
– FibraHotel ($OTCPK:DBMXF)
FibraHotel is a Mexican real estate investment trust (REIT) focused on the hotel industry. As of December 31, 2020, the company owned a portfolio of 38 hotels with a total of 8,638 rooms across Mexico. FibraHotel’s market cap is $315.13 million as of 2022. The company is headquartered in Mexico City.
Summary
Service Properties Trust is a real estate investment trust that primarily owns and operates hotels and travel centers. Recently, Citigroup Inc. has disclosed a $2.14 million position in the company, indicating confidence in the stock from an institutional investor. On the same day as the position revelation, Service Properties Trust’s stock price increased, suggesting the investing community had a positive reaction to the news.
Looking forward, those considering investing in Service Properties Trust should consider the company’s financial strength, growth opportunities, industry trends, and competitive environment. Investors should also closely monitor future developments regarding the company’s recent investments and strategic initiatives to ensure that their capital is being allocated to the most profitable opportunities.
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