New York State Teachers Retirement System Reduces Stock Position in Service Properties Trust (NASDAQ:SVC)

New York State Teachers Retirement System cut its position in shares of Service Properties Trust (NASDAQ:SVC) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 275,258 shares of the real estate investment trust’s stock after selling 34,710 shares during the period. New York State Teachers Retirement System’s holdings in Service Properties Trust were worth $2,351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Service Properties Trust by 8.1% in the 4th quarter. Captrust Financial Advisors now owns 16,277 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 1,222 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of 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 worth $258,000 after buying an additional 1,500 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Service Properties Trust by 4.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 36,137 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 1,533 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Service Properties Trust by 3.9% in the 1st quarter. Squarepoint Ops LLC now owns 40,435 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 1,534 shares during the period. Finally, Stifel Financial Corp raised its holdings in Service Properties Trust by 10.5% in the 1st quarter. Stifel Financial Corp now owns 17,474 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 1,660 shares during the period. 77.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Service Properties Trust Trading Down 0.6 %

SVC opened at $6.44 on Tuesday. Service Properties Trust has a 52 week low of $6.31 and a 52 week high of $9.68. The firm has a market cap of $1.07 billion, a P/E ratio of -32.20 and a beta of 2.18. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 3.26. The business has a fifty day simple moving average of $6.93 and a 200-day simple moving average of $7.43.

Service Properties Trust Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, April 19th. This represents a $0.80 annualized dividend and a yield of 12.42%. Service Properties Trust’s payout ratio is -400.00%.

About Service Properties Trust

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.