Service Properties Trust (NASDAQ:SVC) Sets New 1-Year Low at $5.42

Service Properties Trust (NASDAQ:SVC - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $5.42 and last traded at $5.46, with a volume of 526196 shares trading hands. The stock had previously closed at $5.51.

Wall Street Analysts Forecast Growth

SVC has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Service Properties Trust from $7.50 to $5.75 and set an "underweight" rating on the stock in a report on Thursday, March 21st. B. Riley lowered their price target on Service Properties Trust from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, May 13th.

Service Properties Trust Price Performance

The firm has a fifty day moving average price of $6.27 and a two-hundred day moving average price of $7.17. The stock has a market capitalization of $903.39 million, a P/E ratio of -6.49 and a beta of 2.17. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.04 and a current ratio of 0.04.

Service Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 22nd were issued a $0.20 dividend. The ex-dividend date was Friday, April 19th. This represents a $0.80 dividend on an annualized basis and a yield of 14.68%. Service Properties Trust's dividend payout ratio is currently -95.24%.

Hedge Funds Weigh In On Service Properties Trust

A number of institutional investors have recently bought and sold shares of the stock. Sigma Planning Corp raised its holdings in Service Properties Trust by 4.7% during the third quarter. Sigma Planning Corp now owns 33,508 shares of the real estate investment trust's stock valued at $258,000 after acquiring an additional 1,500 shares during the period. Daiwa Securities Group Inc. raised its holdings in Service Properties Trust by 4.2% during the third quarter. Daiwa Securities Group Inc. now owns 52,923 shares of the real estate investment trust's stock valued at $407,000 after acquiring an additional 2,155 shares during the period. ProShare Advisors LLC raised its holdings in Service Properties Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 33,275 shares of the real estate investment trust's stock valued at $226,000 after acquiring an additional 2,287 shares during the period. Handelsbanken Fonder AB raised its holdings in Service Properties Trust by 6.9% during the fourth quarter. Handelsbanken Fonder AB now owns 35,400 shares of the real estate investment trust's stock valued at $302,000 after acquiring an additional 2,300 shares during the period. Finally, Texas Permanent School Fund Corp raised its holdings in Service Properties Trust by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 145,080 shares of the real estate investment trust's stock valued at $984,000 after acquiring an additional 2,476 shares during the period. 77.62% of the stock is owned by institutional investors.

About Service Properties Trust

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.