Allianz Asset Management GmbH Boosts Holdings in Service Properties Trust (NASDAQ:SVC)

Allianz Asset Management GmbH grew its position in Service Properties Trust (NASDAQ:SVCFree Report) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 846,736 shares of the real estate investment trust’s stock after acquiring an additional 109,732 shares during the period. Allianz Asset Management GmbH owned about 0.51% of Service Properties Trust worth $7,231,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SVC. NBC Securities Inc. purchased a new stake in shares of Service Properties Trust in the 3rd quarter worth about $25,000. Fortis Group Advisors LLC acquired a new position in shares of Service Properties Trust in the third quarter worth $47,000. MQS Management LLC purchased a new position in shares of Service Properties Trust during the third quarter valued at approximately $77,000. Metis Global Partners LLC purchased a new position in Service Properties Trust during the fourth quarter worth about $96,000. Finally, First Trust Direct Indexing L.P. acquired a new stake in Service Properties Trust in the 4th quarter worth about $102,000. 77.62% of the stock is owned by hedge funds and other institutional investors.

Service Properties Trust Price Performance

Service Properties Trust stock opened at $5.31 on Wednesday. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.04 and a current ratio of 0.04. Service Properties Trust has a 12 month low of $5.22 and a 12 month high of $9.39. The stock’s 50-day moving average is $6.06 and its 200-day moving average is $7.05.

Service Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, April 19th. This represents a $0.80 annualized dividend and a yield of 15.07%. Service Properties Trust’s dividend payout ratio is currently -95.24%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SVC. B. Riley dropped their price objective on shares of Service Properties Trust from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, May 13th. Wells Fargo & Company cut their price target on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a research note on Thursday, March 21st.

Check Out Our Latest Analysis on SVC

Service Properties Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Service Properties Trust (NASDAQ:SVC)

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