Public Employees Retirement System of Ohio Makes New Investment in Service Properties Trust $SVC

Key Points

• Public Employees Retirement System of Ohio acquired 682,291 shares of Service Properties Trust, valued at approximately $1.15 million and representing 0.53% of the REIT. Institutional investors and hedge funds collectively own 77.62% of the company.
• Service Properties Trust shares opened at $7.38, well below their 52-week high of $15.05. The company has a market capitalization of about $956 million and carries a debt-to-equity ratio of 2.11.
• The REIT pays a quarterly dividend of $0.05 per share, equivalent to a 2.7% annualized yield. Analysts have an overall “Hold” rating, with an average price target of $12.81.

Public Employees Retirement System of Ohio bought a new stake in Service Properties Trust (NASDAQ:SVC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 682,291 shares of the real estate investment trust's stock, valued at approximately $1,153,000. Public Employees Retirement System of Ohio owned 0.53% of Service Properties Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caxton Associates LLP acquired a new stake in shares of Service Properties Trust during the 3rd quarter worth approximately $33,000. BNP Paribas Financial Markets lifted its stake in Service Properties Trust by 54.4% during the second quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 5,099 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Service Properties Trust in the 3rd quarter valued at $45,000. Abel Hall LLC bought a new position in shares of Service Properties Trust in the 4th quarter valued at $32,000. Finally, Farringdon Capital Ltd. bought a new position in shares of Service Properties Trust in the 2nd quarter valued at $37,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC opened at $7.38 on Wednesday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.01 and a current ratio of 0.01. Service Properties Trust has a 52 week low of $5.65 and a 52 week high of $15.05. The firm has a market cap of $955.78 million, a PE ratio of -0.96 and a beta of 1.66. The firm's fifty day moving average is $8.21 and its 200-day moving average is $8.48.

Service Properties Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Service Properties Trust's previous quarterly dividend of $0.05. The ex-dividend date was Monday, July 20th. Service Properties Trust's dividend payout ratio is -2.60%.

Analysts Set New Price Targets

SVC has been the subject of several research analyst reports. Weiss Ratings raised Service Properties Trust from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, July 29th. B. Riley Financial raised their target price on shares of Service Properties Trust from $10.00 to $12.50 and gave the company a "buy" rating in a research report on Wednesday, June 17th. LADENBURG THALM/SH SH began coverage on shares of Service Properties Trust in a research note on Tuesday, June 30th. They set a "buy" rating and a $11.25 target price on the stock. Finally, Zacks Research upgraded Service Properties Trust from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. Three 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.81.

Service Properties Trust Company Profile

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.

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