Barclays PLC Purchases 60,887 Shares of Service Properties Trust (NASDAQ:SVC)

Barclays PLC raised its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 21.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 341,308 shares of the real estate investment trust’s stock after purchasing an additional 60,887 shares during the quarter. Barclays PLC owned approximately 0.20% of Service Properties Trust worth $866,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Quadrant Capital Group LLC raised its holdings in shares of Service Properties Trust by 87.1% in the 4th quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 4,942 shares in the last quarter. Cibc World Markets Corp bought a new stake in Service Properties Trust during the fourth quarter valued at approximately $39,000. Corient Private Wealth LLC bought a new position in shares of Service Properties Trust in the 4th quarter worth $41,000. KBC Group NV raised its position in shares of Service Properties Trust by 140.6% during the 4th quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 11,491 shares in the last quarter. Finally, RPO LLC purchased a new position in Service Properties Trust in the fourth quarter worth $56,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Price Performance

Shares of Service Properties Trust stock opened at $2.07 on Wednesday. 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 $6.34. The stock has a market capitalization of $344.94 million, a P/E ratio of -1.41 and a beta of 1.77. The business’s 50 day simple moving average is $2.29 and its two-hundred day simple moving average is $2.61.

Service Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 22nd. Service Properties Trust’s payout ratio is -2.40%.

Analyst Ratings Changes

SVC has been the subject of several research analyst reports. B. Riley assumed coverage on Service Properties Trust in a research note on Tuesday, April 22nd. They set a “neutral” rating and a $2.00 price target for the company. Wells Fargo & Company raised shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $2.50 to $4.00 in a research note on Wednesday, March 19th.

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.