Service Properties Trust (NASDAQ:SVC) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC trimmed its holdings in Service Properties Trust (NASDAQ:SVCGet Rating) by 19.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 648,647 shares of the real estate investment trust’s stock after selling 158,623 shares during the period. Great Lakes Advisors LLC owned 0.39% of Service Properties Trust worth $5,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp increased its position in Service Properties Trust by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 12,774 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 5,121 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Service Properties Trust during the fourth quarter worth about $480,000. Yousif Capital Management LLC acquired a new stake in Service Properties Trust during the fourth quarter worth about $1,253,000. Dupont Capital Management Corp increased its position in Service Properties Trust by 19.3% during the fourth quarter. Dupont Capital Management Corp now owns 20,389 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 3,302 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Service Properties Trust during the fourth quarter valued at about $1,159,000. 79.60% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Trading Up 9.7 %

NASDAQ SVC opened at $7.37 on Friday. The firm has a 50 day simple moving average of $6.02 and a 200-day simple moving average of $7.38. The company has a debt-to-equity ratio of 4.98, a quick ratio of 2.23 and a current ratio of 2.23. Service Properties Trust has a one year low of $4.65 and a one year high of $12.23. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -2.59 and a beta of 2.16.

Service Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, July 25th will be paid a $0.01 dividend. The ex-dividend date is Friday, July 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.54%. Service Properties Trust’s dividend payout ratio is currently -1.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SVC shares. Wells Fargo & Company dropped their price target on shares of Service Properties Trust from $8.50 to $6.25 and set an “underweight” rating for the company in a research report on Tuesday, May 24th. Oppenheimer assumed coverage on shares of Service Properties Trust in a research note on Thursday, April 21st. They issued a “market perform” rating for the company. Finally, B. Riley lowered their price objective on shares of Service Properties Trust from $13.00 to $11.00 in a research note on Monday, May 9th.

Service Properties Trust Profile

(Get Rating)

Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC's properties are primarily operated under long-term management or lease agreements.

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Institutional Ownership by Quarter for Service Properties Trust (NASDAQ:SVC)

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