Capstone Investment Advisors LLC purchased a new position in shares of Service Properties Trust (NASDAQ:SVC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 213,521 shares of the real estate investment trust's stock, valued at approximately $542,000. Capstone Investment Advisors LLC owned 0.13% of Service Properties Trust as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Service Properties Trust by 20.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust's stock valued at $19,188,000 after acquiring an additional 1,259,382 shares in the last quarter. Barclays PLC lifted its holdings in Service Properties Trust by 310.6% in the 3rd quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust's stock valued at $1,279,000 after purchasing an additional 212,130 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $828,000. Wolverine Asset Management LLC grew 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 worth $444,000 after buying an additional 131,237 shares in the last quarter. Finally, CM Management LLC raised its position in shares of 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 valued at $1,143,000 after buying an additional 150,000 shares during the last quarter. 77.62% of the stock is owned by hedge funds and other institutional investors.
Service Properties Trust Stock Down 1.5 %
Service Properties Trust stock traded down $0.03 during midday trading on Thursday, hitting $1.98. 2,158,577 shares of the company were exchanged, compared to its average volume of 2,115,782. 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 fifty-two week low of $1.71 and a fifty-two week high of $6.34. The company's fifty day moving average price is $2.25 and its 200-day moving average price is $2.60. The company has a market cap of $329.94 million, a PE ratio of -1.35 and a beta of 1.77.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The business had revenue of $435.18 million for the quarter, compared to analysts' expectations of $433.21 million. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%.
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. The ex-dividend date is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 2.02%. Service Properties Trust's payout ratio is currently -2.12%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on SVC. B. Riley assumed coverage on shares of Service Properties Trust in a research report on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 target price on the stock. Wells Fargo & Company raised Service Properties Trust from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $2.50 to $4.00 in a research report on Wednesday, March 19th.
Check Out Our Latest Research Report on Service Properties Trust
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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