Service Properties Trust (NASDAQ:SVC) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its position in shares of Service Properties Trust (NASDAQ:SVC) by 8.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 92,438 shares of the real estate investment trust’s stock after selling 8,445 shares during the period. Illinois Municipal Retirement Fund’s holdings in Service Properties Trust were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new stake in Service Properties Trust in the third quarter valued at $25,000. FinTrust Capital Advisors LLC bought a new stake in Service Properties Trust in the 3rd quarter valued at about $28,000. Fortis Group Advisors LLC acquired a new position in Service Properties Trust during the 3rd quarter valued at about $47,000. Harvest Fund Management Co. Ltd grew its position in Service Properties Trust by 490.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 7,813 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 6,489 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Service Properties Trust in the third quarter valued at approximately $77,000. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Up 1.0 %

Shares of SVC stock opened at $6.29 on Tuesday. Service Properties Trust has a 1 year low of $5.92 and a 1 year high of $9.39. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.09 and a current ratio of 0.09. The business’s fifty day moving average is $6.64 and its 200-day moving average is $7.35. The stock has a market cap of $1.04 billion, a PE ratio of -31.45 and a beta of 2.18.

Service Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 12.72%. The ex-dividend date is Friday, April 19th. Service Properties Trust’s payout ratio is currently -400.00%.

Wall Street Analyst Weigh In

SVC has been the subject of a number of recent analyst reports. B. Riley decreased their price objective on Service Properties Trust from $12.00 to $10.00 and set a “buy” rating for the company in a report on Monday, March 4th. 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.

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.