Service Properties Trust (NASDAQ:SVC - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.31 and last traded at $6.33, with a volume of 1156919 shares trading hands. The stock had previously closed at $6.44.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Service Properties Trust from $7.50 to $5.75 and set an "underweight" rating for the company in a research report on Thursday, March 21st. B. Riley decreased their price target on shares of Service Properties Trust from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, March 4th.
Check Out Our Latest Report on Service Properties Trust
Service Properties Trust Stock Performance
The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 3.26. The company's 50-day simple moving average is $6.91 and its 200-day simple moving average is $7.42. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -31.65 and a beta of 2.18.
Service Properties Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.64%. The ex-dividend date is Friday, April 19th. Service Properties Trust's dividend payout ratio is currently -400.00%.
Institutional Investors Weigh In On Service Properties Trust
A number of institutional investors have recently modified their holdings of the company. NBC Securities Inc. bought a new position in Service Properties Trust during the third quarter worth $25,000. FinTrust Capital Advisors LLC bought a new position in Service Properties Trust during the third quarter worth $28,000. Point72 Hong Kong Ltd boosted its stake in Service Properties Trust by 350.6% during the first quarter. Point72 Hong Kong Ltd now owns 4,389 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 3,415 shares in the last quarter. Captrust Financial Advisors bought a new position in Service Properties Trust during the second quarter worth $41,000. Finally, Fortis Group Advisors LLC bought a new position in Service Properties Trust during the third quarter worth $47,000. 77.62% of the stock is owned by institutional investors.
Service Properties Trust Company Profile
(
Get 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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