Capital Management Corp VA Reduces Stock Holdings in Service Properties Trust (NASDAQ:SVC)

Capital Management Corp VA trimmed its stake in Service Properties Trust (NASDAQ:SVC - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,121,617 shares of the real estate investment trust's stock after selling 1,052,946 shares during the period. Service Properties Trust accounts for 1.9% of Capital Management Corp VA's portfolio, making the stock its 24th largest position. Capital Management Corp VA owned 2.47% of Service Properties Trust worth $10,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SVC. Charles Schwab Investment Management Inc. lifted its holdings in shares of Service Properties Trust by 20.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust's stock valued at $19,188,000 after purchasing an additional 1,259,382 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Service Properties Trust by 395.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust's stock valued at $4,735,000 after buying an additional 828,765 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in Service Properties Trust by 3,721.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 591,225 shares of the real estate investment trust's stock valued at $1,502,000 after buying an additional 575,754 shares during the last quarter. Versor Investments LP acquired a new stake in Service Properties Trust in the fourth quarter worth about $561,000. Finally, Barclays PLC grew its stake in shares of Service Properties Trust by 310.6% during the third quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust's stock worth $1,279,000 after acquiring an additional 212,130 shares during the last quarter. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

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Service Properties Trust Stock Performance

Shares of NASDAQ SVC traded up $0.20 during mid-day trading on Wednesday, hitting $2.60. The stock had a trading volume of 3,342,648 shares, compared to its average volume of 1,892,133. The firm has a market cap of $433.26 million, a PE ratio of -1.77 and a beta of 2.21. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. The company has a 50 day moving average of $2.71 and a two-hundred day moving average of $3.30. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $6.85.

Service Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, January 27th. Service Properties Trust's dividend payout ratio is presently -2.40%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their price objective on shares of Service Properties Trust from $2.75 to $2.50 and set an "underweight" rating for the company in a research report on Tuesday, February 18th.

About Service Properties Trust

Service Properties Trust Nasdaq: SVC is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.