Service Properties Trust (NASDAQ:SVC) Hits New 1-Year Low at $5.18

Service Properties Trust (NASDAQ:SVC) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.18 and last traded at $5.19, with a volume of 90292 shares traded. The stock had previously closed at $5.31.

Analyst Ratings Changes

Several research analysts have recently commented on SVC shares. Wells Fargo & Company lowered their price objective on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a research note on Thursday, March 21st. B. Riley dropped their price target on shares of Service Properties Trust from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, May 13th.

Service Properties Trust Stock Down 2.3 %

The firm has a market cap of $860.29 million, a PE ratio of -6.17 and a beta of 2.18. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 3.58. The firm has a 50 day moving average price of $6.06 and a 200-day moving average price of $7.05.

Service Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 22nd were issued a $0.20 dividend. The ex-dividend date was Friday, April 19th. This represents a $0.80 annualized dividend and a yield of 15.41%. Service Properties Trust’s dividend payout ratio (DPR) is -95.24%.

Institutional Investors Weigh In On Service Properties Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sigma Planning Corp increased its holdings in Service Properties Trust by 4.7% in the third quarter. Sigma Planning Corp now owns 33,508 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 1,500 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Service Properties Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 33,275 shares of the real estate investment trust’s stock valued at $226,000 after acquiring an additional 2,287 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Service Properties Trust by 6.9% during the 4th quarter. Handelsbanken Fonder AB now owns 35,400 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 2,300 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Service Properties Trust by 1.7% during the 1st quarter. Texas Permanent School Fund Corp now owns 145,080 shares of the real estate investment trust’s stock worth $984,000 after acquiring an additional 2,476 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Service Properties Trust by 1.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 188,400 shares of the real estate investment trust’s stock worth $1,609,000 after purchasing an additional 2,900 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors and hedge funds.

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.