Service Properties Trust (NASDAQ:SVC) Stock Position Lifted by CM Management LLC

CM Management LLC grew its stake in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 450,000 shares of the real estate investment trust's stock after purchasing an additional 150,000 shares during the quarter. CM Management LLC owned 0.27% of Service Properties Trust worth $1,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of SVC. Charles Schwab Investment Management Inc. grew its holdings in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Service Properties Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,509,823 shares of the real estate investment trust's stock valued at $20,568,000 after acquiring an additional 151,234 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Service Properties Trust by 395.3% during the third 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 worth $4,735,000 after acquiring an additional 828,765 shares during the last quarter. Whitebox Advisors LLC increased its position in shares of Service Properties Trust by 4.9% during the third quarter. Whitebox Advisors LLC now owns 640,602 shares of the real estate investment trust's stock worth $2,921,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Readystate Asset Management LP grew its stake in Service Properties Trust by 32.2% during the 3rd quarter. Readystate Asset Management LP now owns 594,436 shares of the real estate investment trust's stock valued at $2,711,000 after purchasing an additional 144,782 shares in the last quarter. Hedge funds and other institutional investors own 77.62% of the company's stock.

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Analyst Ratings Changes

Separately, Wells Fargo & Company dropped their target price 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.

Service Properties Trust Stock Performance

Shares of SVC stock traded up $0.20 on Wednesday, hitting $2.60. 3,342,648 shares of the stock traded hands, compared to its average volume of 1,892,133. The company's fifty day moving average is $2.71 and its 200 day moving average is $3.30. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. Service Properties Trust has a 1-year low of $2.29 and a 1-year high of $6.85. The company has a market capitalization of $433.26 million, a PE ratio of -1.77 and a beta of 2.21.

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Monday, January 27th. Service Properties Trust's dividend payout ratio (DPR) is -2.40%.

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.