Inspire Investing LLC Sells 365,899 Shares of Service Properties Trust $SVC

Key Points

• Inspire Investing LLC cut its Service Properties Trust stake by 78.5% in the third quarter, selling 365,899 shares and retaining 99,953 shares valued at approximately $644,000.
• Institutional ownership remains high at 77.62%, while other funds—including WINTON GROUP—added to or initiated positions in SVC.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $12.05. SVC shares opened at $6.30, and the company announced a quarterly dividend of $0.05 per share, representing a 3.2% yield.

Inspire Investing LLC decreased its position in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 78.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,953 shares of the real estate investment trust's stock after selling 365,899 shares during the period. Inspire Investing LLC owned 0.08% of Service Properties Trust worth $644,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new stake in shares of Service Properties Trust during the 2nd quarter worth about $66,000. WINTON GROUP Ltd lifted its holdings in shares of Service Properties Trust by 94.8% during the 2nd quarter. WINTON GROUP Ltd now owns 67,000 shares of the real estate investment trust's stock valued at $113,000 after buying an additional 32,600 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Service Properties Trust during the 2nd quarter valued at about $71,000. Arizona State Retirement System bought a new stake in shares of Service Properties Trust in the 2nd quarter valued at approximately $279,000. Finally, Corient Private Wealth LP bought a new stake in shares of Service Properties Trust in the 2nd quarter valued at approximately $162,000. Hedge funds and other institutional investors own 77.62% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on SVC shares. Zacks Research upgraded Service Properties Trust from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 12th. Loop Capital set a $9.00 target price on shares of Service Properties Trust in a research note on Friday, October 2nd. Finally, Weiss Ratings downgraded shares of Service Properties Trust from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $12.05.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC opened at $6.30 on Thursday. Service Properties Trust has a fifty-two week low of $5.65 and a fifty-two week high of $12.15. The business has a 50-day moving average of $6.80 and a two-hundred day moving average of $8.41. The stock has a market capitalization of $815.91 million, a P/E ratio of -0.82 and a beta of 1.72. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust's dividend payout ratio (DPR) is presently -2.60%.

About Service Properties Trust

Service Properties Trust NASDAQ: SVC is a real estate investment trust that owns and invests in hospitality and service-oriented properties. The company's portfolio has historically included hotels, extended-stay lodging properties and other real estate leased to businesses that provide essential or consumer-focused services.

Service Properties Trust generally leases its properties to hotel operators and other commercial tenants rather than managing most locations directly. Its hotel portfolio has included properties operated under a variety of well-known brands, while its service-focused properties have supported businesses such as healthcare, automotive and travel-related services.

The company's properties are primarily located in the United States, with investments also having included select locations in Canada and Puerto Rico.

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