XTX Topco Ltd Makes New $449,000 Investment in Service Properties Trust (NASDAQ:SVC)

XTX Topco Ltd acquired a new stake in Service Properties Trust (NASDAQ:SVC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 176,750 shares of the real estate investment trust's stock, valued at approximately $449,000. XTX Topco Ltd owned approximately 0.11% of Service Properties Trust as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SVC. Quadrant Capital Group LLC boosted its holdings in shares of Service Properties Trust by 87.1% during the fourth quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 4,942 shares during the period. Sei Investments Co. grew its position in shares of Service Properties Trust by 12.7% in the 4th quarter. Sei Investments Co. now owns 72,589 shares of the real estate investment trust's stock worth $185,000 after buying an additional 8,157 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Service Properties Trust by 39.8% during the third 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 period. KBC Group NV lifted its stake in Service Properties Trust by 140.6% in the fourth quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 11,491 shares during the period. Finally, Cibc World Markets Corp purchased a new position in Service Properties Trust during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 77.62% of the company's stock.

Analyst Ratings Changes

SVC has been the topic of several research reports. Wells Fargo & Company raised Service Properties Trust from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $2.50 to $4.00 in a research report on Wednesday, March 19th. B. Riley began coverage on shares of Service Properties Trust in a research report on Tuesday. They set a "neutral" rating and a $2.00 price target for the company.

Service Properties Trust Stock Performance

SVC stock traded up $0.05 during trading on Friday, reaching $1.83. The stock had a trading volume of 1,034,839 shares, compared to its average volume of 2,074,651. The stock's 50 day moving average is $2.40 and its two-hundred day moving average is $2.74. The firm has a market cap of $304.95 million, a PE ratio of -1.24 and a beta of 1.80. Service Properties Trust has a 52 week low of $1.71 and a 52 week high of $6.35. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32.

Service Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 2.19%. Service Properties Trust's dividend payout ratio (DPR) is -2.40%.

Service Properties Trust Profile

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.