Service Properties Trust (NASDAQ:SVC) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its holdings in Service Properties Trust (NASDAQ:SVC) by 10.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 32,937 shares of the real estate investment trust’s stock after selling 3,653 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Service Properties Trust were worth $281,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Illinois Municipal Retirement Fund purchased a new position in shares of Service Properties Trust in the third quarter valued at $776,000. Graham Capital Management L.P. increased its position in shares of Service Properties Trust by 188.2% in 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 increased its position in shares of Service Properties Trust by 8.0% in the third 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 buying an additional 17,624 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Service Properties Trust by 108.0% in the third quarter. AQR Capital Management LLC now owns 635,044 shares of the real estate investment trust’s stock valued at $4,883,000 after buying an additional 329,690 shares in the last quarter. Finally, Capital Management Corp VA increased its position in shares of Service Properties Trust by 8.5% in the third quarter. Capital Management Corp VA now owns 2,826,085 shares of the real estate investment trust’s stock valued at $21,733,000 after buying an additional 220,515 shares in the last quarter. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Trading Up 2.5 %

Service Properties Trust stock opened at $6.13 on Tuesday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 3.26. The stock has a market cap of $1.02 billion, a PE ratio of -30.65 and a beta of 2.18. The stock has a 50-day moving average price of $6.78 and a 200 day moving average price of $7.39. Service Properties Trust has a 52 week low of $5.92 and a 52 week high of $9.39.

Service Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 13.05%. The ex-dividend date is Friday, April 19th. Service Properties Trust’s dividend payout ratio (DPR) is -400.00%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SVC shares. B. Riley dropped their price target 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. Wells Fargo & Company dropped their price objective on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a research report on Thursday, March 21st.

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.