Service Properties Trust $SVC Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors reduced its Service Properties Trust position by 14.4% in the first quarter, selling 261,656 shares and retaining 1.56 million shares valued at approximately $2.1 million. Institutional investors collectively own 77.62% of the REIT.
• Service Properties Trust shares were trading at $8.17, down 3.7%, with a 12-month range of $5.65 to $15.05. The company pays a quarterly dividend of $0.05 per share, equivalent to a 2.4% annualized yield.
• Analyst sentiment is mixed, with three Buy, one Hold and two Sell ratings; the consensus rating is Hold, with an average price target of $12.81.

Dimensional Fund Advisors LP decreased its position in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,556,303 shares of the real estate investment trust's stock after selling 261,656 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.93% of Service Properties Trust worth $2,114,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. HighRoad Wealth Advisors LLC purchased a new stake in shares of Service Properties Trust in the 4th quarter valued at about $29,000. Abel Hall LLC purchased a new position in Service Properties Trust during the 4th quarter worth approximately $32,000. Caxton Associates LLP purchased a new position in Service Properties Trust during the 3rd quarter worth approximately $33,000. BNP Paribas Financial Markets increased its position 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 buying an additional 5,099 shares during the period. Finally, AdvisorShares Investments LLC purchased a new stake in Service Properties Trust in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 77.62% of the company's stock.

Service Properties Trust Trading Down 3.7%

Shares of SVC stock opened at $8.17 on Friday. The business's 50 day moving average is $8.38 and its two-hundred day moving average is $8.84. Service Properties Trust has a twelve month low of $5.65 and a twelve month high of $15.05. The company has a market capitalization of $1.06 billion, a P/E ratio of -1.06 and a beta of 1.67. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11.

Service Properties Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were issued a dividend of $0.05 per share. This is a boost from Service Properties Trust's previous quarterly dividend of $0.05. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, July 20th. Service Properties Trust's dividend payout ratio is -2.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Service Properties Trust from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, July 29th. B. Riley Financial lifted their target price on shares of Service Properties Trust from $10.00 to $12.50 and gave the company a "buy" rating in a report on Wednesday, June 17th. Odeon Capital Group began coverage on shares of Service Properties Trust in a research report on Friday, May 8th. They issued a "buy" rating and a $17.50 price target for the company. Zacks Research cut shares of Service Properties Trust from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of Service Properties Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Service Properties Trust currently has an average rating of "Hold" and a consensus target price of $12.81.

About Service Properties Trust

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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