Service Properties Trust (NASDAQ:SVC) Shares Sold by LSV Asset Management

LSV Asset Management trimmed its position in Service Properties Trust (NASDAQ:SVC) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,531,914 shares of the real estate investment trust’s stock after selling 101,822 shares during the period. LSV Asset Management’s holdings in Service Properties Trust were worth $38,703,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in Service Properties Trust in the 3rd quarter valued at approximately $25,000. Fortis Group Advisors LLC purchased a new stake in shares of Service Properties Trust in the third quarter valued at about $47,000. Harvest Fund Management Co. Ltd grew its position in shares of Service Properties Trust by 490.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 7,813 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 6,489 shares during the last quarter. MQS Management LLC acquired a new stake in shares of Service Properties Trust in the third quarter valued at approximately $77,000. Finally, Beam Wealth Advisors Inc. purchased a new position in shares of Service Properties Trust during the 3rd quarter worth approximately $96,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SVC shares. B. Riley reduced their target price on Service Properties Trust from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Wells Fargo & Company reduced their price objective on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a research report on Thursday, March 21st.

Service Properties Trust Stock Performance

Shares of SVC opened at $6.12 on Monday. 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 has a 1 year low of $5.90 and a 1 year high of $9.39. The company’s 50 day simple moving average is $6.52 and its 200 day simple moving average is $7.31.

Service Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be paid a $0.20 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.80 annualized dividend and a yield of 13.07%. Service Properties Trust’s payout ratio is currently -400.00%.

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.