Service Properties Trust (NASDAQ:SVC - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.43 and last traded at $5.73, with a volume of 486882 shares trading hands. The stock had previously closed at $6.06.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. B. Riley dropped their price objective on Service Properties Trust from $12.00 to $10.00 and set a "buy" rating for the company in a report on Monday, March 4th. Wells Fargo & Company lowered their price target on Service Properties Trust from $7.50 to $5.75 and set an "underweight" rating for the company in a research note on Thursday, March 21st.
Get Our Latest Stock Analysis on Service Properties Trust
Service Properties Trust Stock Performance
The stock has a market capitalization of $941.57 million, a P/E ratio of -28.40 and a beta of 2.17. The stock has a 50 day simple moving average of $6.42 and a two-hundred day simple moving average of $7.28. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 3.26.
Service Properties Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a $0.20 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.80 annualized dividend and a yield of 14.08%. Service Properties Trust's dividend payout ratio is -400.00%.
Institutional Trading of Service Properties Trust
Several institutional investors and hedge funds have recently bought and sold shares of the business. NBC Securities Inc. acquired a new position in shares of Service Properties Trust in the third quarter valued at approximately $25,000. FinTrust Capital Advisors LLC grew its stake in shares of Service Properties Trust by 137.9% in the first quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust's stock valued at $40,000 after acquiring an additional 3,436 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in shares of Service Properties Trust in the third quarter valued at about $47,000. Harvest Fund Management Co. Ltd grew its stake in shares of Service Properties Trust by 490.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 7,813 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 6,489 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of Service Properties Trust in the third quarter valued at about $77,000. Institutional investors own 77.62% of the company's stock.
About Service Properties Trust
(
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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