Susquehanna Advisors Group Inc. Makes New $2.16 Million Investment in Service Properties Trust (NASDAQ:SVC)

Susquehanna Advisors Group Inc. purchased a new stake in Service Properties Trust (NASDAQ:SVC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 849,295 shares of the real estate investment trust's stock, valued at approximately $2,157,000. Susquehanna Advisors Group Inc. owned about 0.51% of Service Properties Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of Service Properties Trust by 87.1% in the 4th quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 4,942 shares in the last quarter. Sei Investments Co. raised its stake in Service Properties Trust by 12.7% during the fourth quarter. Sei Investments Co. now owns 72,589 shares of the real estate investment trust's stock valued at $185,000 after buying an additional 8,157 shares in the last quarter. Stifel Financial Corp raised its stake in Service Properties Trust by 39.8% during the third quarter. Stifel Financial Corp now owns 33,222 shares of the real estate investment trust's stock valued at $152,000 after buying an additional 9,463 shares in the last quarter. KBC Group NV lifted its holdings in Service Properties Trust by 140.6% during the 4th quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust's stock worth $50,000 after buying an additional 11,491 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Service Properties Trust by 41.1% in the 4th quarter. First Trust Advisors LP now owns 47,956 shares of the real estate investment trust's stock worth $122,000 after acquiring an additional 13,975 shares in the last quarter. Institutional investors and hedge funds own 77.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. B. Riley began coverage on Service Properties Trust in a research report on Tuesday. They set a "neutral" rating and a $2.00 price target on the stock. Wells Fargo & Company raised shares of Service Properties Trust from an "underweight" rating to an "overweight" rating and increased their target price for the stock from $2.50 to $4.00 in a report on Wednesday, March 19th.

Service Properties Trust Stock Performance

Shares of Service Properties Trust stock traded up $0.05 on Friday, reaching $1.83. 1,034,839 shares of the company were exchanged, compared to its average volume of 2,074,651. Service Properties Trust has a 1-year low of $1.71 and a 1-year high of $6.35. The firm has a market cap of $304.95 million, a price-to-earnings ratio of -1.24 and a beta of 1.80. 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's 50-day moving average is $2.40 and its two-hundred day moving average is $2.74.

Service Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Tuesday, April 22nd. Service Properties Trust's payout ratio 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.