XTX Topco Ltd Buys New Position in Service Properties Trust (NASDAQ:SVC)

XTX Topco Ltd purchased a new position in Service Properties Trust (NASDAQ:SVC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 176,750 shares of the real estate investment trust's stock, valued at approximately $449,000. XTX Topco Ltd owned 0.11% of Service Properties Trust at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC increased 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 worth $27,000 after purchasing an additional 4,942 shares in the last quarter. Cibc World Markets Corp purchased a new stake in Service Properties Trust in the fourth quarter worth about $39,000. Corient Private Wealth LLC bought a new position in shares of Service Properties Trust in the fourth quarter worth about $41,000. KBC Group NV lifted its position in shares of 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 valued at $50,000 after buying an additional 11,491 shares in the last quarter. Finally, RPO LLC bought a new position in shares of Service Properties Trust during the 4th quarter valued at approximately $56,000. Hedge funds and other institutional investors own 77.62% of the company's stock.

Service Properties Trust Stock Performance

Shares of Service Properties Trust stock opened at $1.83 on Tuesday. 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 has a fifty day moving average of $2.47 and a 200 day moving average of $2.80. The company has a market capitalization of $304.95 million, a P/E ratio of -1.24 and a beta of 1.80. Service Properties Trust has a fifty-two week low of $1.71 and a fifty-two week high of $6.42.

Service Properties Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.

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