Capital Management Corp VA increased its holdings in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,666,165 shares of the real estate investment trust's stock after purchasing an additional 1,544,548 shares during the period. Service Properties Trust makes up 2.6% of Capital Management Corp VA's holdings, making the stock its 13th biggest position. Capital Management Corp VA owned approximately 3.40% of Service Properties Trust worth $14,789,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Service Properties Trust by 20.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust's stock valued at $19,188,000 after acquiring an additional 1,259,382 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Service Properties Trust in the 4th quarter worth approximately $41,000. Cibc World Markets Corp purchased a new stake in Service Properties Trust during the 4th quarter worth approximately $39,000. Quantbot Technologies LP purchased a new stake in Service Properties Trust during the 4th quarter worth approximately $209,000. Finally, Sei Investments Co. increased its stake in Service Properties Trust by 12.7% during the 4th quarter. Sei Investments Co. now owns 72,589 shares of the real estate investment trust's stock worth $185,000 after buying an additional 8,157 shares during the period. Hedge funds and other institutional investors own 77.62% of the company's stock.
Service Properties Trust Stock Performance
Shares of SVC stock traded up $0.06 during mid-day trading on Monday, hitting $2.66. The stock had a trading volume of 291,490 shares, compared to its average volume of 1,796,223. The company has a debt-to-equity ratio of 5.48, a current ratio of 0.04 and a quick ratio of 0.04. Service Properties Trust has a fifty-two week low of $1.71 and a fifty-two week high of $5.90. The company's 50-day simple moving average is $2.42 and its 200-day simple moving average is $2.44. The firm has a market cap of $442.43 million, a PE ratio of -1.40 and a beta of 1.86.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $435.18 million during the quarter, compared to analysts' expectations 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, July 21st. Service Properties Trust's dividend payout ratio is presently -2.12%.
Analyst Upgrades and Downgrades
Separately, B. Riley assumed coverage on shares of Service Properties Trust in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $2.00 price objective on the stock.
Read Our Latest Stock Analysis on SVC
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.
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