Vanguard Group Inc. Sells 6,020,188 Shares of Service Properties Trust (NASDAQ:SVC)

Vanguard Group Inc. trimmed its position in shares of Service Properties Trust (NASDAQ:SVC) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,951,872 shares of the real estate investment trust’s stock after selling 6,020,188 shares during the period. Vanguard Group Inc. owned about 11.97% of Service Properties Trust worth $50,678,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Barclays PLC grew its stake in Service Properties Trust by 310.6% in the third quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust’s stock worth $1,279,000 after purchasing an additional 212,130 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Service Properties Trust by 20.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust’s stock worth $19,188,000 after acquiring an additional 1,259,382 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Service Properties Trust by 300.5% during the fourth quarter. Wolverine Asset Management LLC now owns 174,903 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 131,237 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Service Properties Trust by 27.0% during the 3rd quarter. HighTower Advisors LLC now owns 74,758 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 15,914 shares during the last quarter. Finally, CM Management LLC boosted its holdings in Service Properties Trust by 50.0% in the fourth quarter. CM Management LLC now owns 450,000 shares of the real estate investment trust’s stock worth $1,143,000 after purchasing an additional 150,000 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Stock Up 0.5 %

Shares of SVC stock opened at $1.92 on Friday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. Service Properties Trust has a one year low of $1.71 and a one year high of $6.57. The company’s fifty day moving average price is $2.58 and its 200-day moving average price is $2.93. The company has a market capitalization of $319.94 million, a price-to-earnings ratio of -1.31 and a beta of 1.80.

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, April 22nd. Service Properties Trust’s payout ratio is currently -2.40%.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and upped their price target for the company from $2.50 to $4.00 in a research report on Wednesday, March 19th.

Service Properties Trust 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.