Public Employees Retirement System of Ohio Has $626,000 Stock Holdings in Service Properties Trust $SVC

Public Employees Retirement System of Ohio grew its stake in Service Properties Trust (NASDAQ:SVC) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 261,809 shares of the real estate investment trust’s stock after purchasing an additional 5,457 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.16% of Service Properties Trust worth $626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in Service Properties Trust by 7.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,127,210 shares of the real estate investment trust’s stock valued at $21,212,000 after purchasing an additional 572,954 shares during the last quarter. Capital Management Corp VA increased its stake in shares of Service Properties Trust by 37.5% in the 1st quarter. Capital Management Corp VA now owns 5,666,165 shares of the real estate investment trust’s stock valued at $14,789,000 after acquiring an additional 1,544,548 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Service Properties Trust by 114.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust’s stock valued at $10,749,000 after acquiring an additional 2,200,754 shares during the period. Allianz Asset Management GmbH boosted its stake in Service Properties Trust by 32.6% during the 1st quarter. Allianz Asset Management GmbH now owns 2,360,581 shares of the real estate investment trust’s stock worth $6,161,000 after acquiring an additional 580,754 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Service Properties Trust by 30.8% during the first quarter. AQR Capital Management LLC now owns 1,346,098 shares of the real estate investment trust’s stock valued at $3,446,000 after purchasing an additional 317,218 shares during the period. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Price Performance

NASDAQ SVC opened at $2.64 on Monday. The firm’s 50 day moving average is $2.70 and its 200-day moving average is $2.45. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 5.79. The company has a market capitalization of $440.51 million, a PE ratio of -1.58 and a beta of 1.88. Service Properties Trust has a 12-month low of $1.71 and a 12-month high of $4.93.

Service Properties Trust (NASDAQ:SVC) last released its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. Service Properties Trust had a negative net margin of 14.73% and a negative return on equity of 34.61%. The business had revenue of $503.44 million during the quarter, compared to the consensus estimate of $497.53 million.

Service Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, July 21st. Service Properties Trust’s dividend payout ratio is presently -2.40%.

Wall Street Analyst Weigh In

SVC has been the topic of several analyst reports. Zacks Research lowered shares of Service Properties Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 19th. Wells Fargo & Company restated an “equal weight” rating and issued a $2.50 price objective (down previously from $3.00) on shares of Service Properties Trust in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Service Properties Trust in a report on Saturday, September 27th. Finally, B. Riley reissued a “neutral” rating and issued a $3.00 target price (up from $2.00) on shares of Service Properties Trust in a research note on Thursday, September 25th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.75.

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.