Jump Financial LLC Acquires 577,921 Shares of Service Properties Trust (NASDAQ:SVC)

Jump Financial LLC boosted its holdings in Service Properties Trust (NASDAQ:SVC - Free Report) by 525.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 687,921 shares of the real estate investment trust's stock after purchasing an additional 577,921 shares during the period. Jump Financial LLC owned about 0.41% of Service Properties Trust worth $1,747,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings 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 buying an additional 212,130 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Service Properties Trust by 20.0% during the fourth 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. Arrowstreet Capital Limited Partnership bought a new stake in Service Properties Trust in the fourth quarter worth approximately $828,000. Wolverine Asset Management LLC raised its stake in shares of Service Properties Trust by 300.5% in the 4th quarter. Wolverine Asset Management LLC now owns 174,903 shares of the real estate investment trust's stock valued at $444,000 after acquiring an additional 131,237 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in Service Properties Trust by 27.0% during the third quarter. HighTower Advisors LLC now owns 74,758 shares of the real estate investment trust's stock valued at $338,000 after acquiring an additional 15,914 shares during the period. 77.62% of the stock is owned by institutional investors and hedge funds.

Service Properties Trust Stock Up 0.8 %

NASDAQ SVC traded up $0.02 on Friday, reaching $1.80. The company had a trading volume of 440,901 shares, compared to its average volume of 2,084,135. The firm has a market capitalization of $299.11 million, a price-to-earnings ratio of -1.22 and a beta of 1.80. Service Properties Trust has a 1-year low of $1.71 and a 1-year high of $6.35. The company's fifty day moving average is $2.42 and its 200-day moving average is $2.76. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03.

Service Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 2.23%. Service Properties Trust's dividend payout ratio is currently -2.40%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. B. Riley began coverage on Service Properties Trust in a research report on Tuesday. They issued a "neutral" rating and a $2.00 price objective for the company. Wells Fargo & Company upgraded Service Properties Trust from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $2.50 to $4.00 in a research report on Wednesday, March 19th.

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.