Capital Management Corp VA grew its position in Service Properties Trust (NASDAQ:SVC - Free Report) by 27.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,225,765 shares of the real estate investment trust's stock after acquiring an additional 1,559,600 shares during the quarter. Service Properties Trust comprises about 2.9% of Capital Management Corp VA's portfolio, making the stock its 10th largest position. Capital Management Corp VA owned 4.34% of Service Properties Trust worth $17,270,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in Service Properties Trust by 114.8% during 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 purchasing an additional 2,200,754 shares during the last quarter. Nuveen LLC bought a new position in shares of Service Properties Trust during the first quarter valued at approximately $3,306,000. Brigade Capital Management LP purchased a new stake in shares of Service Properties Trust in the first quarter worth approximately $2,375,000. Allianz Asset Management GmbH lifted its stake in shares of 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, Charles Schwab Investment Management Inc. boosted its holdings in Service Properties Trust by 7.6% during the 1st 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 acquiring an additional 572,954 shares during the period. 77.62% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
SVC has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Service Properties Trust in a research note on Wednesday, October 8th. Wells Fargo & Company raised shares of Service Properties Trust to a "hold" rating in a research note on Friday, October 3rd. Zacks Research cut shares of Service Properties Trust from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 19th. Finally, B. Riley restated 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 research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $2.75.
Check Out Our Latest Stock Report on SVC
Service Properties Trust Stock Performance
Shares of Service Properties Trust stock opened at $2.28 on Wednesday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 5.79. The stock's fifty day moving average price is $2.65 and its 200-day moving average price is $2.43. The firm has a market cap of $380.44 million, a P/E ratio of -1.37 and a beta of 1.88. Service Properties Trust has a 12 month low of $1.71 and a 12 month high of $4.81.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $503.44 million during the quarter, compared to analyst estimates of $497.53 million. Service Properties Trust had a negative net margin of 14.73% and a negative return on equity of 34.61%.
Service Properties Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, October 27th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, October 27th. Service Properties Trust's dividend payout ratio (DPR) is presently -2.40%.
About Service Properties Trust
(
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.
See Also
Want to see what other hedge funds are holding SVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Service Properties Trust (NASDAQ:SVC - Free Report).

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