Headlands Technologies LLC purchased a new stake in Service Properties Trust (NASDAQ:SVC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 321,399 shares of the real estate investment trust's stock, valued at approximately $543,000. Headlands Technologies LLC owned approximately 0.25% of Service Properties Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Service Properties Trust in the 2nd quarter worth $1,153,000. Farringdon Capital Ltd. purchased a new stake in shares of Service Properties Trust during the second quarter valued at $37,000. Bank of New York Mellon Corp acquired a new position in shares of Service Properties Trust in the 2nd quarter valued at $3,691,000. Bank of America Corp DE boosted its position in shares of Service Properties Trust by 1.8% in the 1st quarter. Bank of America Corp DE now owns 2,338,854 shares of the real estate investment trust's stock valued at $3,169,000 after purchasing an additional 42,317 shares during the period. Finally, SummitTX Capital L.P. purchased a new position in Service Properties Trust in the 1st quarter worth about $88,000. Institutional investors and hedge funds own 77.62% of the company's stock.
Service Properties Trust Trading Down 0.1%
NASDAQ:SVC opened at $7.66 on Thursday. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.01 and a quick ratio of 0.01. Service Properties Trust has a fifty-two week low of $5.65 and a fifty-two week high of $15.05. The stock's 50-day moving average is $8.29 and its two-hundred day moving average is $8.58. The stock has a market cap of $992.05 million, a PE ratio of -0.99 and a beta of 1.66.
Service Properties Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were paid a $0.05 dividend. The ex-dividend date was Monday, July 20th. This represents a $0.20 annualized dividend and a yield of 2.6%. This is a boost from Service Properties Trust's previous quarterly dividend of $0.05. Service Properties Trust's dividend payout ratio (DPR) is currently -2.60%.
Analyst Ratings Changes
SVC has been the topic of several recent analyst reports. Wall Street Zen downgraded Service Properties Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. LADENBURG THALM/SH SH began coverage on shares of Service Properties Trust in a report on Tuesday, June 30th. They issued a "buy" rating and a $11.25 target price for the company. Weiss Ratings raised shares of Service Properties Trust from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Service Properties Trust from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 12th. Finally, Odeon Capital Group began coverage on shares of Service Properties Trust in a research note on Friday, May 8th. They issued a "buy" rating and a $17.50 price objective for the company. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Service Properties Trust has an average rating of "Hold" and a consensus target price of $12.81.
Check Out Our Latest Report on Service Properties Trust
Service Properties Trust Company Profile
(
Free Report)
Service Properties Trust NASDAQ: SVC is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.
Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.
See Also
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