Vanguard Group Inc. decreased its holdings in Service Properties Trust (NASDAQ:SVC - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,951,872 shares of the real estate investment trust's stock after selling 6,020,188 shares during the period. Vanguard Group Inc. owned 11.97% of Service Properties Trust worth $50,678,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Service Properties Trust during the 4th quarter valued at approximately $82,000. Sei Investments Co. raised its position in shares of Service Properties Trust by 12.7% during the 4th 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. Quantbot Technologies LP purchased a new position in Service Properties Trust in the fourth quarter worth about $209,000. Cibc World Markets Corp purchased a new position in Service Properties Trust in the fourth quarter worth about $39,000. Finally, Corient Private Wealth LLC bought a new stake in Service Properties Trust during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 77.62% of the company's stock.
Service Properties Trust Trading Up 2.4 %
Shares of NASDAQ:SVC traded up $0.05 during trading hours on Thursday, hitting $1.91. 695,012 shares of the company's stock traded hands, compared to its average volume of 2,088,827. 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 business has a fifty day moving average price of $2.52 and a 200-day moving average price of $2.88. Service Properties Trust has a 1 year low of $1.71 and a 1 year high of $6.42. The firm has a market capitalization of $317.44 million, a P/E ratio of -1.30 and a beta of 1.80.
Service Properties Trust Announces Dividend
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 given 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 2.10%. Service Properties Trust's dividend payout ratio (DPR) is -2.40%.
Analyst Ratings Changes
Separately, Wells Fargo & Company upgraded Service Properties Trust from an "underweight" rating to an "overweight" rating and lifted their target price for the stock from $2.50 to $4.00 in a report on Wednesday, March 19th.
Get Our Latest Analysis on SVC
Service Properties Trust Company Profile
(
Free Report)
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.
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