LSV Asset Management Has $9.02 Million Holdings in Service Properties Trust (NASDAQ:SVC)

LSV Asset Management cut its position in Service Properties Trust (NASDAQ:SVC - Free Report) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,552,385 shares of the real estate investment trust's stock after selling 314,700 shares during the quarter. LSV Asset Management owned approximately 2.13% of Service Properties Trust worth $9,023,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SVC. Quadrant Capital Group LLC increased its stake in shares of Service Properties Trust by 87.1% in the fourth quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 4,942 shares during the period. Wolverine Trading LLC bought a new position in Service Properties Trust in the 3rd quarter worth approximately $58,000. Cibc World Markets Corp acquired a new position in shares of Service Properties Trust during the fourth quarter worth approximately $39,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Service Properties Trust in the third quarter valued at approximately $71,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Service Properties Trust in the fourth quarter worth $41,000. Institutional investors own 77.62% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upgraded shares of Service Properties Trust from an "underweight" rating to an "overweight" rating and upped their target price for the company from $2.50 to $4.00 in a research note on Wednesday, March 19th.

Service Properties Trust Stock Performance

Service Properties Trust stock traded down $0.03 during trading hours on Friday, hitting $1.83. The stock had a trading volume of 1,736,193 shares, compared to its average volume of 2,053,581. The company has a 50-day moving average of $2.48 and a two-hundred day moving average of $2.84. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a fifty-two week low of $1.71 and a fifty-two week high of $6.42. The company has a market cap of $304.95 million, a PE ratio of -1.24 and a beta of 1.80.

Service Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be given a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 2.19%. Service Properties Trust's dividend payout ratio (DPR) is currently -2.40%.

Service Properties Trust Company Profile

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.