Rhumbline Advisers Has $745,000 Position in Service Properties Trust (NASDAQ:SVC)

Rhumbline Advisers reduced its holdings in Service Properties Trust (NASDAQ:SVC - Free Report) by 46.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,423 shares of the real estate investment trust's stock after selling 253,596 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of Service Properties Trust worth $745,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Service Properties Trust by 395.3% in 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. Barclays PLC raised its position in Service Properties Trust by 310.6% in the 3rd quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust's stock worth $1,279,000 after purchasing an additional 212,130 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Service Properties Trust by 10.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,294,874 shares of the real estate investment trust's stock worth $28,705,000 after purchasing an additional 616,718 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Service Properties Trust by 17.3% during the 3rd quarter. Intech Investment Management LLC now owns 67,969 shares of the real estate investment trust's stock worth $310,000 after buying an additional 10,000 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Service Properties Trust by 27.0% in the 3rd quarter. HighTower Advisors LLC now owns 74,758 shares of the real estate investment trust's stock valued at $338,000 after buying an additional 15,914 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company dropped their target price on 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 Trading Down 9.0 %

Shares of NASDAQ SVC traded down $0.26 during mid-day trading on Monday, hitting $2.64. The company's stock had a trading volume of 3,763,276 shares, compared to its average volume of 1,829,399. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market cap of $439.92 million, a price-to-earnings ratio of -1.80 and a beta of 2.21. The company's fifty day simple moving average is $2.71 and its 200-day simple moving average is $3.33. Service Properties Trust has a one year low of $2.29 and a one year high of $6.85.

Service Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, January 27th. 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.