Service Properties Trust (NASDAQ:SVC) Hits New 12-Month Low at $5.42

Service Properties Trust (NASDAQ:SVC)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $5.42 and last traded at $5.46, with a volume of 526196 shares trading hands. The stock had previously closed at $5.51.

Analysts Set New Price Targets

A number of research firms have commented on SVC. B. Riley reduced their price target on shares of Service Properties Trust from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, May 13th. Wells Fargo & Company reduced their price target on shares of 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 Price Performance

The stock has a market cap of $923.28 million, a P/E ratio of -6.63 and a beta of 2.17. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.04 and a quick ratio of 0.04. The company’s 50 day simple moving average is $6.25 and its 200 day simple moving average is $7.16.

Service Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 22nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 14.36%. The ex-dividend date of this dividend was Friday, April 19th. Service Properties Trust’s payout ratio is -95.24%.

Institutional Trading of Service Properties Trust

Large investors have recently added to or reduced their stakes in the company. EMC Capital Management raised its position in shares of Service Properties Trust by 196.1% in the first quarter. EMC Capital Management now owns 24,459 shares of the real estate investment trust’s stock valued at $166,000 after purchasing an additional 16,198 shares during the period. Caxton Associates LP raised its position in shares of Service Properties Trust by 87.9% in the first quarter. Caxton Associates LP now owns 41,401 shares of the real estate investment trust’s stock valued at $281,000 after purchasing an additional 19,368 shares during the period. Whitebox Advisors LLC raised its position in shares of Service Properties Trust by 732.3% in the first quarter. Whitebox Advisors LLC now owns 228,100 shares of the real estate investment trust’s stock valued at $1,547,000 after purchasing an additional 200,695 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Service Properties Trust by 4.5% in the first quarter. Public Employees Retirement System of Ohio now owns 248,811 shares of the real estate investment trust’s stock valued at $1,687,000 after purchasing an additional 10,759 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Service Properties Trust by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 100,570 shares of the real estate investment trust’s stock valued at $682,000 after purchasing an additional 5,948 shares during the period. Institutional investors and hedge funds own 77.62% of the company’s stock.

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.