Service Properties Trust (NASDAQ:SVC) Sets New 52-Week Low at $6.31

Service Properties Trust (NASDAQ:SVC) hit a new 52-week low on Tuesday . The company traded as low as $6.31 and last traded at $6.33, with a volume of 1156919 shares trading hands. The stock had previously closed at $6.44.

Analyst Upgrades and Downgrades

SVC has been the subject of several analyst reports. B. Riley cut their price target on Service Properties Trust from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Wells Fargo & Company cut their price target on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a research note on Thursday, March 21st.

Service Properties Trust Price Performance

The company has a 50-day simple moving average of $6.93 and a 200-day simple moving average of $7.43. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.09 and a quick ratio of 0.09.

Service Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.64%. The ex-dividend date of this dividend is Friday, April 19th. Service Properties Trust’s payout ratio is -400.00%.

Institutional Trading of Service Properties Trust

Large investors have recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Service Properties Trust in the third quarter valued at $25,000. FinTrust Capital Advisors LLC acquired a new stake in Service Properties Trust in the third quarter valued at $28,000. Point72 Hong Kong Ltd grew its holdings in Service Properties Trust by 350.6% in the first quarter. Point72 Hong Kong Ltd now owns 4,389 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 3,415 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Service Properties Trust by 146.8% during the first quarter. Tower Research Capital LLC TRC now owns 5,131 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 3,052 shares during the last quarter. Finally, Quilter Plc acquired a new stake in shares of Service Properties Trust during the second quarter valued at $48,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Company 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.