Susquehanna Advisors Group Inc. Invests $2.16 Million in Service Properties Trust (NASDAQ:SVC)

Susquehanna Advisors Group Inc. acquired a new stake in shares of Service Properties Trust (NASDAQ:SVC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 849,295 shares of the real estate investment trust's stock, valued at approximately $2,157,000. Susquehanna Advisors Group Inc. owned approximately 0.51% of Service Properties Trust at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SVC. HighTower Advisors LLC raised its position in Service Properties Trust by 27.0% in the 3rd quarter. HighTower Advisors LLC now owns 74,758 shares of the real estate investment trust's stock valued at $338,000 after buying an additional 15,914 shares during the last quarter. Stifel Financial Corp raised its position in Service Properties Trust by 39.8% in the 3rd quarter. Stifel Financial Corp now owns 33,222 shares of the real estate investment trust's stock valued at $152,000 after buying an additional 9,463 shares during the last quarter. Barclays PLC raised its position in Service Properties Trust by 310.6% in the 3rd quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust's stock valued at $1,279,000 after buying an additional 212,130 shares during the last quarter. Geode Capital Management LLC raised its position in Service Properties Trust by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,509,823 shares of the real estate investment trust's stock valued at $20,568,000 after buying an additional 151,234 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Service Properties Trust in the 3rd quarter valued at approximately $170,000. Institutional investors own 77.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SVC. B. Riley began coverage on Service Properties Trust in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $2.00 target price on the stock. Wells Fargo & Company raised Service Properties Trust from an "underweight" rating to an "overweight" rating and lifted their target price for the company from $2.50 to $4.00 in a research report on Wednesday, March 19th.

Service Properties Trust Stock Performance

NASDAQ SVC traded up $0.05 on Friday, hitting $1.83. 1,034,839 shares of the stock were exchanged, compared to its average volume of 2,080,894. The company has a market capitalization of $304.95 million, a PE ratio of -1.24 and a beta of 1.80. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. The business's fifty day moving average is $2.40 and its 200 day moving average is $2.71. Service Properties Trust has a 52 week low of $1.71 and a 52 week high of $6.34.

Service Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Tuesday, April 22nd. Service Properties Trust's dividend payout ratio is currently -2.40%.

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.