Tudor Investment Corp ET AL lowered its stake in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 61.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 125,647 shares of the real estate investment trust's stock after selling 200,716 shares during the period. Tudor Investment Corp ET AL owned approximately 0.08% of Service Properties Trust worth $319,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in SVC. Charles Schwab Investment Management Inc. raised its holdings in Service Properties Trust by 20.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust's stock valued at $19,188,000 after acquiring an additional 1,259,382 shares in the last quarter. Susquehanna Advisors Group Inc. acquired a new stake in Service Properties Trust during the fourth quarter worth $2,157,000. Jump Financial LLC increased its holdings in Service Properties Trust by 525.4% in the 4th quarter. Jump Financial LLC now owns 687,921 shares of the real estate investment trust's stock valued at $1,747,000 after buying an additional 577,921 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Service Properties Trust by 3,721.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 591,225 shares of the real estate investment trust's stock valued at $1,502,000 after buying an additional 575,754 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Service Properties Trust by 110.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,043,171 shares of the real estate investment trust's stock worth $2,650,000 after acquiring an additional 547,576 shares during the period. Institutional investors own 77.62% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on SVC. Wells Fargo & Company raised shares of Service Properties Trust from an "underweight" rating to an "overweight" rating and increased their price target for the stock from $2.50 to $4.00 in a research report on Wednesday, March 19th. B. Riley assumed coverage on Service Properties Trust in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $2.00 target price for the company.
View Our Latest Stock Analysis on SVC
Service Properties Trust Trading Up 1.5 %
Shares of Service Properties Trust stock opened at $2.01 on Friday. Service Properties Trust has a 12-month low of $1.71 and a 12-month high of $6.34. The stock has a market capitalization of $334.94 million, a P/E ratio of -1.37 and a beta of 1.77. The company has a 50-day simple moving average of $2.24 and a 200 day simple moving average of $2.59. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $435.18 million during the quarter, compared to analyst estimates of $433.21 million. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%.
Service Properties Trust Announces Dividend
The firm also recently disclosed 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 1.99%. The ex-dividend date of this dividend is Tuesday, April 22nd. Service Properties Trust's dividend payout ratio is currently -2.12%.
Service Properties Trust Company Profile
(
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.
See Also
Want to see what other hedge funds are holding SVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Service Properties Trust (NASDAQ:SVC - Free Report).
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