NexPoint Diversified Real Azioni (NYSE: NXDT)

Ultime notizie per NexPoint Diversified Real (NYSE:NXDT) Azioni

NexPoint Diversified Real

NexPoint Diversified Real Estate Trust is a publicly traded REIT focused on opportunistic real estate investments in the United States. Their portfolio includes diverse commercial properties and investments across various real estate sectors and capital structures. Revenue sources include rental income from office and retail properties, interest income from debt investments, dividend income from equity investments, and other ancillary income from tenants. The company operates primarily through its operating partnership and wholly owned subsidiaries.

NexPoint Diversified Real Estate Trust Common Stock

NexPoint Diversified Real Estate Trust

NexPoint Diversified Real Estate Trust 5.50% Series A Cumulative Preferred Shares ($25.00 liquidation preference per share)

WIIM

AVPT

AvePoint shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 and Q4 sales guidance.

CoreCivic shares are trading higher after Jones Trading upgraded the stock from Hold to Buy.

<p>Truist Securities  analyst Mark Hughes   maintains HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Buy and raises the price target from $140 to $145.</p>


News

Price Target

Analyst Ratings

Truist Securities Maintains Buy on HCI Group, Raises Price Target to $145

<p>Scotiabank  analyst Nick Altmann   maintains OneStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OS#NASDAQ">OS</a>) with a Sector Outperform and raises the price target from $34 to $35.</p>


Scotiabank Maintains Sector Outperform on OneStream, Raises Price Target to $35

<p><strong>Fluor Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) shares plummeted after the company reported third-quarter results <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41838628/fluor-reports-third-quarter-2024-results" rel="noreferrer noopener">below street expectations.</a></p>
<p>FLR&#8217;s revenue grew 3.3% year over year to $4.09 billion, missing the consensus of $4.738 billion. Adjusted EPS declined to 51 cents from $1.02 a year ago, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus of 76 cents.</a></p>
<p>Sales by segment: Energy Solutions $1.428 billion (-8.1% YoY), Urban Solutions $1.93 billion (+34.9% YoY), Mission Solutions $635 million (-3.1% YoY) and Others $100 million (-69.1% YoY).</p>
<p>FLR recorded a total segment profit of $117 million, compared to $276 million a year ago. The margin contracted 411 bps to 2.9%.</p>
<p>The company reported net earnings from core operations of $60 million, down from $158 million a year ago.</p>
<p>The total new awards were $2.69 billion compared to $4.976 billion a year ago. New awards related to projects located outside of the U.S. totaled 68%.</p>
<p>Consolidated backlog surged 20.4% year-over-year to $31.32 billion, with 80% of projects being reimbursable.</p>
<p>Adjusted EBITDA declined 42.6% year-over-year to $124 million, and the margin declined 242 bps to 3%.</p>
<p>At the end of the quarter, Fluor&#8217;s cash and marketable securities were $2.9 billion, excluding amounts held by NuScale. Operating cash flow for the nine months ended September amounted to $501 million.</p>
<p><strong>Buyback:</strong> Fluor&#8217;s Board of Directors approved expanding its share repurchase program to 30.5 million shares as part of its capital allocation strategy.</p>
<p>Fluor announced it will deconsolidate NuScale starting in the&nbsp;fourth quarter, resulting in a $1.6 billion gain. Also, the company expects to complete the sale of Stork&#8217;s U.K. operations as early as the&nbsp;first quarter&nbsp;of 2025, pending regulatory approval.</p>
<p><strong>2024 Outlook:</strong> FLR tightened its adjusted EPS outlook to $2.55 to $2.75 <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">(prior $2.50 to $3.00) versus the $2.89 consensus.</a></p>
<p>The company lowered its adjusted&nbsp;EBITDA outlook to $525 million &#8211; $575 million (prior $625 million &#8211; $675 million) and increased cash flow guidance to ~$700 million.</p>
<p><strong>Price Action:</strong> FLR shares are trading lower by 16.4% at $49.25 at the last check Friday.</p>


Earnings

Equities

Guidance

Movers

Engineering & Construction Company Fluor Misses Big On Q3 Earnings And Revises 2024 Guidance As Project Delays Bite

<p>Online cannabis discovery marketplace<strong> Leafly Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) announced its financial results Thursday for the third quarter ended Sept. 30, 2024, with <strong>revenue of $8.4 million down from $10.6 million in the Q3 2023</strong>. Leafly attributes the year-over-year revenue decline to fewer retail accounts and reduced spending by customers due to budget constraints.</p>
<p>&#8220;With two consecutive quarters of positive adjusted EBITDA and a retail business that has largely reached a point of stabilization, we're poised to capitalize on the growth opportunities ahead," stated Leafly CEO <strong>Yoko Miyashita</strong>. "We'll continue our laser focus on building a lean and efficient business operation to capitalize on the stabilizing revenue trajectory of the retail business."</p>
<p><strong>Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/11/41791053/terrascend-expands-footprint-despite-q3-losses-can-a-move-to-ohio-turn-the-tide">TerrAscend Expands Footprint Despite Q3 Losses, Can A Move To Ohio Turn The Tide?</a></strong></p>
<p><em><strong>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</strong></em></p>
<h2 class="wp-block-heading"><strong>Third Quarter Financial Highlights</strong></h2>
<ul>
<li><strong>Gross margin was 89%</strong>, consistent with gross margin reported in Q3 2023.</li>
<li><strong>Total operating expense</strong><strong>s</strong><strong> was $8.0 million</strong>, a 27% reduction from $10.9 million in Q3 2023, reflecting operational rigor and a continued focus on cost discipline.</li>
<li><strong>Net loss was $1.1 million,</strong> compared to net loss of $2.2 million for Q3 2023.</li>
<li>Adjusted EBITDA was $378,000 compared to an adjusted EBITDA loss of $176,000 in Q3 2023.</li>
</ul>
<p>During the quarter, the number of retail accounts dropped 20% year-over-year to 3,554 and 1% sequentially from Q2 2024. The declines are primarily due to customers' budget constraints and Leafly's removal of non-paying customers from the platform over the last twelve months.</p>
<p>At the same time, the average retail accounts spending grew 8% to $695 primarily due to the removal of lower ARPA accounts from the platform, coupled with targeted price increases on Leafly products over the last 12 months.</p>
<p>"Our highest priority is addressing the maturity of our convertible notes, which are due in January 2025. We are actively working on resolving this issue, and remain focused on reducing cash burn and running the business efficiently. With the business on a firmer footing, we are targeting growth next year," said Leafly CFO <strong>Suresh Krishnaswamy</strong>. </p>
<h2 class="wp-block-heading"><strong>Price Action</strong></h2>
<p><strong>Leafly shares traded 5.37% lower at $1.41 after hours on Thursday.</strong></p>
<p><br /><strong>Read Next:</strong></p>
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/11/41819542/zig-zag-rolling-papers-segment-drives-47-of-turning-point-brands-q3-sales-ceo-predicts-sustainab"><strong>Zig-Zag Rolling Papers Segment Drives 47% Of Turning Point Brands&#8217; Q3 Sales, CEO Predicts Sustainable Growth</strong></a></li>
</ul>
<p><em>Photo: Courtesy of Plateresca via Shutterstock</em></p>


Cannabis

LFLY

Leafly Holdings' 20% YoY Drop In Q3 Revenue And Customer Accounts

<p>Truist Securities  analyst Bertrand Donnes   maintains Gulfport Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPOR#NYSE">GPOR</a>) with a Buy and raises the price target from $190 to $203.</p>


GPOR

Truist Securities Maintains Buy on Gulfport Energy, Raises Price Target to $203

<p>Benchmark  analyst Mark Zgutowicz   maintains Stagwell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STGW#NASDAQ">STGW</a>) with a Buy and raises the price target from $8.5 to $9.5.</p>


STGW

Benchmark Maintains Buy on Stagwell, Raises Price Target to $9.5

<p>Scotiabank  analyst Meny Grauman   maintains Manulife Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MFC#TSX">MFC</a>) with a Sector Outperform and raises the price target from C$48 to C$49.</p>


TSX:MFC

Scotiabank Maintains Sector Outperform on Manulife Financial, Raises Price Target to C$49

<p>Truist Securities  analyst Asthika Goonewardene   maintains Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) with a Hold and raises the price target from $83 to $97.</p>


GILD

Truist Securities Maintains Hold on Gilead Sciences, Raises Price Target to $97

SEMR

SEMrush Holdings shares are trading lower after the company reported worse-than-expected Q3 EPS results.

ALRM

Alarm.com shares are trading higher after Goldman Sachs raised its price target on the stock from $64 to $67.

<p>Truist Securities  analyst Tobey Sommer   maintains GFL Environmental (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFL#NYSE">GFL</a>) with a Buy and raises the price target from $46 to $54.</p>


Truist Securities Maintains Buy on GFL Environmental, Raises Price Target to $54

<p>Vasta Platform (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTA#NASDAQ">VSTA</a>) reported quarterly losses of $(0.10) per share which beat the analyst consensus estimate of $(0.13) by 23.08 percent. This is a 33.33 percent increase over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $39.63 million which beat the analyst consensus estimate of $38.50 million by 2.95 percent. This is a 25.00 percent decrease over sales of $52.85 million the same period last year.</p>


VSTA

Vasta Platform Q3 Adj $(0.10) Beats $(0.13) Estimate, Sales $39.63M Beat $38.50M Estimate

FIVN

Five9 shares are trading higher after Piper Sandler maintained an Overweight rating on the stock and raised its price target from $35 to $46. Needham also reiterated its Buy rating.

<p>Benchmark  analyst Mark Miller   maintains Nova (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVMI#NASDAQ">NVMI</a>) with a Buy and raises the price target from $240 to $245.</p>


NVMI

Benchmark Maintains Buy on Nova, Raises Price Target to $245

CRESY

CRESUD S.A.C.I.F. y A. Q1 2025 EPS ARS(66.54) Vs ARS181.95 YoY

UPST

Upstart Holdings shares are trading higher after Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target from $31 to $85. Citigroup upgraded the stock from Neutral to Buy and raised its price target from $56 to $87.

<p>Truist Securities  analyst William Stein   maintains Diodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) with a Hold and lowers the price target from $69 to $62.</p>


DIOD

Truist Securities Maintains Hold on Diodes, Lowers Price Target to $62

Evolent Health shares are trading lower after Stephens & Co. downgraded the stock from Overweight to Equal-Weight and announced a price target of $16.

Home rental REITs advance after Blackstone-Tricon deal

NexPoint Diversified Real Estate Trust declares $0.15 dividend

NexPoint Diversified: This Opaque REIT Is Best Avoided, Despite The Huge Discount

NexPoint Diversified: A Look-Through Approach To NAV Reveals Concerns

HFRO: Discount To NAV Widens To 53% For A 7% Yield

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Although the Federal Reserve&rsquo;s <a href="https://apnews.com/article/inflation-interest-rates-federal-reserve-economy-jobs-4a20a1f923eb91bbad438c6e2008c17f">continued caution</a> regarding interest rate cuts has stymied a further recovery for real estate investment trusts (REITs), when it comes to the top REITs to sell, that&rsquo;s not the main issue at hand.</p>



<p>Rather, these clear-cut sells in the sector face either REIT-specific or property class-specific headwinds. That is, there are REITs experiencing issues related to debt and tenant quality. Also, certain types of real estate, namely office buildings, continue to be negatively affected by sweeping changes that have materially changed demand &mdash; perhaps permanently.</p>



<p>Although these riskier, more uncertain REITs to sell can turn into profitable near-term trades, such as when better-than-feared results are released or there is a positive update regarding these issues, their respective long-term prospects remain grim.</p>



<p>At risk of both cuts and suspensions of their REIT distributions and further price declines, your best move with each of these REITs to sell is to dump them if you own them and stay away if you&rsquo;ve yet to enter a position.</p>



<h2>Global Net Lease (GNL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/office-1600-300x169.png" alt="Group of colleagues discuss something in an office conference room. commercial real estate"><div>Source: GaudiLab / Shutterstock</div></div><p><strong>Global Net Lease</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/gnl-stock-quote/"><strong>GNL</strong></a>), is, as you might have</span> guessed, a REIT focused on the ownership of triple net lease (<a href="https://investorplace.com/stock-quotes/nnn-stock-quote/"><strong>NNN</strong></a>) properties. In both the United States and Europe, GNL owns <a href="https://www.globalnetlease.com/our-portfolio/default.aspx">over 1,200 industrial, office and retail properties.</a> And 72% of its properties are single-tenant.</p>



<p>Back in May, <a href="https://investorplace.com/2024/05/7-reits-to-sell-in-may-before-they-crash-and-burn/">I laid out the bear case for GNL stock.</a> For one, vacancy risk runs high with Global Net Lease. A total of 20% of its properties are single-tenant offices, one of the riskier property asset classes in today&rsquo;s environment, where remote work is widespread and here to stay. Alongside vacancy risk, GNL&rsquo;s high debt leaves the REIT at risk of diluting existing shareholders through the issuance of newly issued stock to pay down debt.</p>



<p>As part of its efforts to conserve cash, GNL has been cutting down its dividend as well. Over the past year, GNL&rsquo;s quarterly distribution has fallen, first <a href="https://seekingalpha.com/symbol/GNL/dividends/history">from 40 cents to 35.4 cents per share,</a> then from 35.4 cents to 27.5 cents per share. The REIT may sport a nearly 15% forward annual yield at current prices, but given the risks, further cuts, which will likely drive further share price declines, outweigh the upside from this double-digit payout.</p>



<h2>Medical Properties Trust (MPW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/mpw_medicalpropertiestrust1600-300x169.png" alt="Blurred hospital images, Patient bed in the hospital, Hospital cleaning, Hospital disinfection cleaning, Patient bed cleaning for emergency patients. Medical Properties Trust (MPW)"><div>Source: venusvi / Shutterstock.com</div></div><p>Last month, I argued that <strong>Medical Properties Trust</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/mpw-stock-quote/"><strong>MPW</strong></a></span>) <a href="https://investorplace.com/2024/06/ready-for-quick-gains-7-top-short-squeeze-stocks-to-watch-now/">appeared poised to continue squeezing higher</a> as the healthcare-focused REIT worked out issues with a problem tenant, leaving the short sellers betting against the MPW scrambling to close out positions.</p>



<p>This month, however, it&rsquo;s clear that rather than a compelling short-squeeze play, MPW is again better described as one of the REITS to sell. Over the past month, MPW stock has tumbled to the tune of 26%. That&rsquo;s mostly due to the possible scrapping of <a href="https://seekingalpha.com/news/4120670-medical-properties-trust-sinks-amid-report-optum-drops-steward-physicians-bid"><strong>Steward Health&rsquo;s</strong> sale of its physician group.</a> Steward Health is the aforementioned problem tenant. Before the news, the assumption was that Steward would complete this deal, with the healthcare provider using the proceeds to pay back outstanding rental payments to MPW.</p>



<p>To make matters worse, it&rsquo;s not as if Steward is Medical Properties Trust&rsquo;s only problem tenant. As Seeking Alpha commentator <strong>KM Capital</strong> recently argued, <strong>Prospect Medical Holdings</strong> is <a href="https://seekingalpha.com/article/4702205-medical-properties-trust-stock-tenants-problems-snowballing">another tenant facing financial distress.</a> If issues with either of these tenants intensify, it could lead to further cuts to MPW&rsquo;s distribution, as well as continued reversal back to lower prices for shares. If you bought in before the squeeze, make a fast exit &mdash; ASAP.</p>



<h2>NexPoint Diversified Real Estate Trust (NXDT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/reits1600c-300x169.jpg" alt="tiny house figures atop letter blocks spelling out REIT, representing reits to buy. stock predictions. best REITs"><div>Source: Shutterstock</div></div><p><strong>NexPoint Diversified Real Estate Trust</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/nxdt-stock-quote/"><strong>NXDT</strong></a></span>) owns a wide mix of real estate assets. From single-family homes to self-storage facilities and most other real estate income classes in between, NXDT should live up to the &ldquo;diversified&rdquo; in its corporate name in theory by providing investors with a diversified real estate portfolio.</p>



<p>Yet, while this REIT has spread its chips widely, that&rsquo;s not to say it is a safe, steady investment opportunity. NXDT stock has fallen by more than 55% over the past year for a very good reason. As Seeking Alpha commentator Hydra Research pointed out in May, NexPoint Diversified Real Estate Trust has <a href="https://seekingalpha.com/article/4692928-nexpoint-diversified-trust-look-through-approach-to-nav-reveals-concerns">several risky assets,</a> including an interest in a portfolio of rent-stabilized single-family homes, as well as an office tower in Dallas, Texas.</p>



<p>Per NexPoint&rsquo;s latest investor presentation, the office tower has a vacancy rate of <a href="https://mma.prnewswire.com/media/2434597/NEXPOINT_Investor_Presentation.pdf?p=original">49%.</a> By bidding down NXDT, the market is attempting to price in the underlying risk, but the nearly 60% discount may not fully reflect this. If NexPoint ends up having to sell off assets at lower prices than currently expected, this could drive the next big round of price declines for NXDT shares.</p>



<h2>Orion Office REIT (ONL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/office-building-work-1600-300x169.jpg" alt="two women working on laptops in office space with black PPE face masks on"><div>Source: Halfpoint/shutterstock.com</div></div><p><strong>Orion Office REIT</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/onl-stock-quote/"><strong>ONL</strong></a></span>) is another name that I previously highlighted as being one of the REITs to sell. Much like with similarly-named Global Net Lease, the bear case here is pretty cut-and-dry.</p>



<p>In a nutshell, Orion Office REIT owns some of the most at-risk real estate in the United States. That would be single-tenant suburban office buildings. Orion&rsquo;s management may be trying to implement sweeping changes to stabilize the REIT. For instance, as CEO Paul McDowell noted in a recent interview recorded during <strong>Nareit&rsquo;s </strong>REITweek 2024 conference last month, the REIT has sold off <a href="https://www.reit.com/news/video/orion-office-reit-ceo-discusses-strategic-positioning-amid-market-challenges">20 non-core assets.</a> This, in turn, has enabled the REIT to pay down debt, as well as build up a war chest for new property acquisitions.</p>



<p>Still, it could all prove too little, too late for ONL stock. As Orion Office REIT keeps dealing with a high vacancy rate and a lower-quality tenant mix, additional declines for the stock may be in the cards. ONL has thus far maintained its dividend, but don&rsquo;t assume that an 11.46% forward yield is here to stay. Payouts could end up on the chopping block as well.</p>



<h2>PotlatchDeltic (PCH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/timber-wood-1600-300x169.jpg" alt="photo of walking space between two very tall stacks of processed timber"><div>Source: shutterstock.com/Free Belarus</div></div><p><strong>PotlatchDeltic</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/pch-stock-quote/"><strong>PCH</strong></a></span>) is one of several publicly traded &ldquo;timber REITs,&rdquo; or REITs that focus on the ownership of timberland acreage. The trust&rsquo;s portfolio consists of <a href="https://www.potlatchdeltic.com/Page/ViewPage/2/#rowThree">2.2 million acres of timberlands,</a> across seven U.S. states. The company also owns taxable REIT subsidiaries that engage in sawmill operations.</p>



<p>Over the past year, PCH stock has fallen by around 29%. This pullback has been driven by falling lumber demand and its impact on PotlachDeltic&rsquo;s fiscal performance. Last quarter, for instance, sales fell by around 12% year-over-year, and the REIT went from profitability to break-even. One can technically say this industry-specific headwind is somewhat related to the overarching high interest rate issue.</p>



<p><a href="https://fortune.com/2024/06/30/lumber-prices-housing-post-pandemic-double-bubble-hangover/">Lumber prices have kept falling</a> due to decreasing new home construction, resulting from the big spike in interest rates since 2021. However, while only indirectly an interest rate problem, it&rsquo;ll likely only take a normalization in rate policy to get PCH back on track. Whenever that happens, the construction market could bounce back, taking this stock along for the ride. For now, however, as &ldquo;higher for longer&rdquo; persists, expect PCH to stay one of the REITs to sell.</p>



<h2>Peakstone Realty Trust (PKST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/industrials1600d--300x169.jpg" alt="Factory pipes and towers at sunset"><div>Source: Shutterstock</div></div><p><strong>Peakstone Realty Trust</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/pkst-stock-quote/"><strong>PKST</strong></a></span>) owns a portfolio of industrial and office properties. A look at Peakstone&rsquo;s website suggests this REIT places a more-than-adequate amount of attention on quality and safety.</p>



<p>That is, Peakstone has a largely creditworthy tenant base, not to mention long-term net lease agreements in place with these tenants &mdash; with build-in escalations. Yet, while all of this makes it sound like PKST stock could be a &ldquo;set it and forget&rdquo; type of REIT play, I wouldn&rsquo;t make that assumption. Peakstone may tout its higher-quality industrial and office properties, but that&rsquo;s because, for segment reporting purposes, the REIT separates out vacant and non-core properties it is working to dispose of.</p>



<p>What remains of the non-core portfolio makes up <a href="https://s202.q4cdn.com/481442212/files/doc_earnings/2024/q1/presentation/PKST-Q1-24-IP-Final.pdf">13%</a> of the REIT&rsquo;s total annual base rent. Whittling down the rest of the non-core assets could result in realized losses for Peakstone. Even if PKST&rsquo;s 8.72% annual yield is sustainable, the impact of realized asset disposal losses on the stock price could outweigh this high rate of payout. With all of this in mind, consider PKST one of the REITs to sell.</p>



<h2>Service Properties Trust (SVC)</h2>



<div><img width="300" height="165" src="https://investorplace.com/wp-content/uploads/2018/02/hotelmsn-300x165.jpg" alt="The Headwind Isn&rsquo;t a Cyclical One for TRIP Stock"><div>Source: Shutterstock</div></div><p><strong>Service Properties Trust</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/svc-stock-quote/"><strong>SVC</strong></a></span>) owns a portfolio of hotels and a smattering of net-lease retail properties. SVC is one of many publicly traded REITs externally managed by <strong>The RMR Group</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/rmr-stock-quote/"><strong>RMR</strong></a></span>). Investors&rsquo; concerns about RMR&rsquo;s fee structure have long had a negative impact on RMR-managed REITs, resulting in what some have in the past called <a href="https://larkresearch.com/eliminating-the-rmr-discount/">the &ldquo;RMR discount.&rdquo;</a></p>



<p>SVC stock is not immune to this phenomenon. Shares currently trade at a 25% discount to book value. However, that&rsquo;s not all. Beyond the questionable prospects of Service Properties Trust closing this valuation gap, it should be noted that SVC&rsquo;s fiscal performance, severely affected by the pandemic, continues to get worse. As InvestorPlace&rsquo;s Alex Sirois recently pointed out, last quarter the company reported a <a href="https://investorplace.com/2024/06/7-at-risk-dividend-stocks-investors-should-sell-before-its-too-late/">43% drop in funds from operations (FFO),</a> or the REIT equivalent to earnings.</p>



<p>Continued poor performance will likely drive additional downward pressure on shares, not to mention potentially lead to a cut or suspension of SVC&rsquo;s quarterly distributions. SVC has a low FFO multiple and a 15.81% forward dividend yield, but make no mistake, buying the dip could end up being a lot like trying to catch a falling knife.</p>



<p><em>On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines.</em></a></p>



<p><em>On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.</em></p>
<div><p>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</p></div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
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<p>The post <a href="https://investorplace.com/2024/07/7-reits-to-sell-in-july-before-they-crash-and-burn/">7 REITs to Sell in July Before They Crash &amp; Burn</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 REITs to Sell in July Before They Crash & Burn

The Top Five short crowded stocks in each U.S. sector

A look at real estate stocks after housing inflation moderates, mortgages rise

NexPoint Diversified REIT: A High Risk, High Reward Turnaround Opportunity

APLE

ASIX

AVNW

BEPC

BIRD

BMBL

CABO

CBRL

CERT

CMTL

COMP

CRZBF

CRZBY

ECVT

EVTC

HFRO

HOUS

IART

INST

INVH

MNTK

NAPA

NEWT

NREF

NTST

NXDT

NXRT

OPEN

PDCO

PFSI

PKST

RDFN

REXR

SIRI

TALO

TROW

ULCC

UWMC

VTLE

XLRE

Press Releases

Real Estate

NexPoint Alerts United Development Funding IV (UDF IV) Shareholders to Current Board's Red Flags, Including Track Record of Fraud and Value Destruction

NexPoint Highlights How United Development Funding IV (UDF IV) Financial Statements Reveal Questionable Conduct and Value Erosion Under Board of Trustees

NexPoint Responds to United Development Funding IV's (UDF IV) Misleading Claims

Mutual Funds

Markets

UDF IV Shareholders Should Not Be Misled by the Company's Latest Attempts to Distract from the Current Board's Failures

UDF IV Shareholders: View NexPoint's Webinar on Board of Trustees Election

NexPoint Petitions Maryland Court for Emergency Relief to Compel UDF IV to Provide Shareholder List

Dividends

NexPoint Diversified Real Estate Trust Announces Preferred Share Distribution

NexPoint Diversified Real Estate Trust Announces Quarterly Distribution and $20 Million Share Repurchase Program

NexPoint Raises Concerns About UDF IV Board Allowing Millions in Management Fees to Enrich Former UDF Executives Imprisoned for Fraud

UDF IV Board Silent on Critical Shareholder Concerns Raised by NexPoint

GCMG

TSXV:NHT.U

American Assets Trust

Armada Hoffler Properties, Inc. Common Stock

Armada Hoffler Properties

Alexander & Baldwin, Inc. Common Stock REIT Holding Company

Alexander & Baldwin

Broadstone Net Lease

CTO Realty Growth

Essential Properties Realty Trust, Inc. Common Stock

Essential Props Realty

Empire State Realty OP, L.P. Series ES Operating Partnership Units Representing Limited Partnership Interests

Empire State Realty OP

Empire State Realty Trust, Inc. Class A Common Stock

Empire State Realty Trust

Empire State Realty OP, L.P. Series 250 Operating Partnership Units Representing Limited Partnership Interests

Generation Income Properties Inc. - Common stock

Generation Income

Global Net Lease

Gladstone Commercial Corporation - Real Estate Investment Trust

Gladstone Commercial

Modiv Industrial, Inc. Class C Common Stock

Modiv Industrial

One Liberty Properties, Inc. Common Stock

One Liberty Props

Alpine Income Property Trust, Inc. Common Stock

Alpine Income Prop Trust

W.P. Carey

Comments

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