Service Properties Trust (NASDAQ:SVC) Hits New 1-Year Low at $5.43

Service Properties Trust (NASDAQ:SVC)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $5.43 and last traded at $5.73, with a volume of 486882 shares changing hands. The stock had previously closed at $6.06.

Analyst Upgrades and Downgrades

Several research firms have commented on SVC. B. Riley lowered their price target on Service Properties Trust from $12.00 to $10.00 and set a “buy” rating for the company in a report on Monday, March 4th. Wells Fargo & Company cut their target price on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a research report on Thursday, March 21st.

Service Properties Trust Stock Down 7.3 %

The company has a debt-to-equity ratio of 3.26, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $931.63 million, a price-to-earnings ratio of -28.70 and a beta of 2.17. The firm’s 50-day moving average price is $6.46 and its 200-day moving average price is $7.29.

Service Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.23%. The ex-dividend date of this dividend is Friday, April 19th. Service Properties Trust’s dividend payout ratio is presently -400.00%.

Institutional Trading of Service Properties Trust

A number of hedge funds have recently made changes to their positions in SVC. Capital Management Corp VA grew its stake in Service Properties Trust by 14.8% during the 4th quarter. Capital Management Corp VA now owns 3,243,310 shares of the real estate investment trust’s stock valued at $27,698,000 after purchasing an additional 417,225 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Service Properties Trust during the third quarter worth about $776,000. Graham Capital Management L.P. raised its stake in Service Properties Trust by 188.2% during the third quarter. Graham Capital Management L.P. now owns 55,159 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 36,022 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Service Properties Trust by 8.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 237,412 shares of the real estate investment trust’s stock valued at $1,826,000 after acquiring an additional 17,624 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Service Properties Trust by 108.0% during the third quarter. AQR Capital Management LLC now owns 635,044 shares of the real estate investment trust’s stock worth $4,883,000 after purchasing an additional 329,690 shares during the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.

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.