Service Properties Trust (NASDAQ:SVC - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.91 and last traded at $5.92, with a volume of 450963 shares changing hands. The stock had previously closed at $6.13.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on Service Properties Trust from $7.50 to $5.75 and set an "underweight" rating on the stock in a research report on Thursday, March 21st. B. Riley decreased their price objective on shares of Service Properties Trust from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, March 4th.
Get Our Latest Analysis on Service Properties Trust
Service Properties Trust Trading Down 2.1 %
The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a fifty day moving average of $6.61 and a 200 day moving average of $7.34. The company has a market capitalization of $994.62 million, a PE ratio of -29.75 and a beta of 2.18.
Service Properties Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.33%. Service Properties Trust's dividend payout ratio is -400.00%.
Institutional Investors Weigh In On Service Properties Trust
A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in Service Properties Trust by 75.1% during the third quarter. SG Americas Securities LLC now owns 77,595 shares of the real estate investment trust's stock valued at $597,000 after purchasing an additional 33,272 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Service Properties Trust by 55.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,390 shares of the real estate investment trust's stock valued at $134,000 after buying an additional 6,198 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in shares of Service Properties Trust during the 3rd quarter valued at about $28,000. New York State Teachers Retirement System lifted its holdings in shares of Service Properties Trust by 9.9% in the 3rd quarter. New York State Teachers Retirement System now owns 309,968 shares of the real estate investment trust's stock valued at $2,384,000 after acquiring an additional 27,860 shares during the last quarter. Finally, Beam Wealth Advisors Inc. purchased a new position in Service Properties Trust in the third quarter worth about $96,000. 77.62% of the stock is currently owned by hedge funds and other 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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