Service Properties Trust (NASDAQ:SVC) Trading Down 3%

Service Properties Trust (NASDAQ:SVC – Get Rating) traded down 3% during trading on Friday . The stock traded as low as $7.76 and last traded at $7.83. 8,521 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 827,274 shares. The stock had previously closed at $8.07.

Service Properties Trust Price Performance

The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 3.96. The firm’s 50-day moving average is $7.61 and its 200-day moving average is $7.09. The company has a market cap of $1.34 billion, a PE ratio of -4.46 and a beta of 2.24.

Service Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 16th. Shareholders of record on Monday, January 23rd 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 9.85%. The ex-dividend date of this dividend is Friday, January 20th. Service Properties Trust’s dividend payout ratio is -43.96%.

Institutional Investors Weigh In On Service Properties Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Veriti Management LLC bought a new stake in Service Properties Trust in the 4th quarter worth approximately $78,000. Romano Brothers AND Company purchased a new position in shares of Service Properties Trust during the 4th quarter worth $37,000. Maryland State Retirement & Pension System purchased a new position in shares of Service Properties Trust during the 4th quarter worth $498,000. State of Alaska Department of Revenue boosted its stake in shares of Service Properties Trust by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 197,836 shares of the real estate investment trust’s stock worth $1,440,000 after acquiring an additional 1,606 shares during the last quarter. Finally, Grandview Asset Management LLC boosted its stake in shares of Service Properties Trust by 60.9% during the 4th quarter. Grandview Asset Management LLC now owns 80,622 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 30,503 shares during the last quarter. Institutional investors own 78.28% of the company’s stock.

About Service Properties Trust

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Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC's properties are primarily operated under long-term management or lease agreements.