Service Properties Trust (NASDAQ:SVC) Reaches New 1-Year Low at $6.31

Service Properties Trust (NASDAQ:SVC)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.31 and last traded at $6.33, with a volume of 1156919 shares changing hands. The stock had previously closed at $6.44.

Analysts Set New Price Targets

SVC has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a report on Thursday, March 21st. B. Riley dropped their price objective on shares of Service Properties Trust from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, March 4th.

Service Properties Trust Stock Performance

The stock’s fifty day simple moving average is $6.88 and its 200-day simple moving average is $7.41. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 3.26.

Service Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 13.03%. The ex-dividend date of this dividend is Friday, April 19th. Service Properties Trust’s payout ratio is -400.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. NBC Securities Inc. purchased a new stake in shares of Service Properties Trust during the 3rd quarter valued at $25,000. FinTrust Capital Advisors LLC bought a new stake in Service Properties Trust during the 3rd quarter valued at $28,000. Point72 Hong Kong Ltd boosted its position in Service Properties Trust by 350.6% during the 1st quarter. Point72 Hong Kong Ltd now owns 4,389 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 3,415 shares during the period. Captrust Financial Advisors bought a new position in shares of Service Properties Trust in the second quarter worth $41,000. Finally, Fortis Group Advisors LLC acquired a new position in shares of Service Properties Trust during the third quarter valued at $47,000. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

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.