Service Properties Trust (NASDAQ:SVC) Shares Bought by Whitebox Advisors LLC

Whitebox Advisors LLC raised its stake in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 234.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,144,899 shares of the real estate investment trust's stock after purchasing an additional 1,504,297 shares during the period. Whitebox Advisors LLC owned 1.29% of Service Properties Trust worth $5,448,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Nantahala Capital Management LLC purchased a new position in shares of Service Properties Trust in the 4th quarter valued at $20,553,000. Charles Schwab Investment Management Inc. increased its holdings in Service Properties Trust by 20.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust's stock worth $19,188,000 after purchasing an additional 1,259,382 shares during the last quarter. Geode Capital Management LLC boosted its stake in Service Properties Trust by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,563,212 shares of the real estate investment trust's stock valued at $11,593,000 after acquiring an additional 53,389 shares during the last quarter. Jane Street Group LLC increased its holdings in Service Properties Trust by 2,999.1% in the fourth quarter. Jane Street Group LLC now owns 2,518,890 shares of the real estate investment trust's stock valued at $6,398,000 after buying an additional 2,437,613 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Service Properties Trust by 110.5% in 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 in the last quarter. Hedge funds and other institutional investors own 77.62% of the company's stock.

Service Properties Trust Stock Performance

SVC stock traded up $0.07 during trading on Friday, reaching $1.97. 1,531,948 shares of the company's stock were exchanged, compared to its average volume of 2,097,359. Service Properties Trust has a 1-year low of $1.71 and a 1-year high of $6.34. The firm has a market cap of $328.27 million, a PE ratio of -1.34 and a beta of 1.77. The company's fifty day moving average price is $2.32 and its 200-day moving average price is $2.64. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 2.03%. Service Properties Trust's dividend payout ratio (DPR) is -2.40%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wells Fargo & Company upgraded shares of Service Properties Trust from an "underweight" rating to an "overweight" rating and boosted their target price for the company from $2.50 to $4.00 in a research note on Wednesday, March 19th. B. Riley began coverage on Service Properties Trust in a report on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 target price for the company.

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.