Allianz Asset Management GmbH Has $6.16 Million Stake in Service Properties Trust (NASDAQ:SVC)

Key Points

• Allianz Asset Management GmbH increased its holdings in Service Properties Trust by 32.6%, owning approximately 1.42% of the company valued at $6.16 million at the latest quarter's end.
• Service Properties Trust announced a quarterly dividend of $0.01 per share, with an annualized dividend yield of 1.32%, set to be paid on August 14th.
• The company reported a negative net margin of 16.54% and negative return on equity of 35.59% for the last quarter, despite beating earnings expectations with $0.07 per share.

Allianz Asset Management GmbH lifted its stake in Service Properties Trust (NASDAQ:SVC - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,360,581 shares of the real estate investment trust's stock after acquiring an additional 580,754 shares during the period. Allianz Asset Management GmbH owned 1.42% of Service Properties Trust worth $6,161,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of Service Properties Trust by 87.1% during 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 buying an additional 4,942 shares during the last quarter. Family Wealth Partners LLC acquired a new position in Service Properties Trust in the first quarter valued at approximately $29,000. Principal Financial Group Inc. purchased a new stake in Service Properties Trust in the first quarter valued at approximately $29,000. Signaturefd LLC raised its position in Service Properties Trust by 3,016.3% in the first quarter. Signaturefd LLC now owns 11,873 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 11,492 shares during the period. Finally, Tidal Investments LLC purchased a new stake in shares of Service Properties Trust during the fourth quarter worth $33,000. 77.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on shares of Service Properties Trust in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 target price for the company.

Service Properties Trust Stock Down 6.1%

Shares of NASDAQ:SVC traded down $0.17 during midday trading on Thursday, hitting $2.55. 444,561 shares of the company's stock traded hands, compared to its average volume of 1,789,098. The company has a debt-to-equity ratio of 5.48, a quick ratio of 0.04 and a current ratio of 0.04. The company has a market cap of $424.09 million, a PE ratio of -1.35 and a beta of 1.86. The firm's fifty day moving average price is $2.53 and its two-hundred day moving average price is $2.46. Service Properties Trust has a twelve month low of $1.71 and a twelve month high of $5.88.

Service Properties Trust (NASDAQ:SVC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The business had revenue of $435.18 million for the quarter, compared to analyst estimates of $433.21 million. Service Properties Trust had a negative net margin of 16.54% and a negative return on equity of 35.59%.

Service Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, July 21st. Service Properties Trust's dividend payout ratio (DPR) is presently -2.12%.

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.