Vanguard Group Inc. Sells 174,560 Shares of Service Properties Trust (NASDAQ:SVC)

Vanguard Group Inc. cut its position in Service Properties Trust (NASDAQ:SVC) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,483,116 shares of the real estate investment trust’s stock after selling 174,560 shares during the quarter. Vanguard Group Inc. owned about 15.98% of Service Properties Trust worth $226,166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SVC. Norges Bank acquired a new stake in shares of Service Properties Trust during the 4th quarter worth about $9,333,000. Capital Management Corp VA boosted its holdings in Service Properties Trust by 14.8% in the 4th quarter. Capital Management Corp VA now owns 3,243,310 shares of the real estate investment trust’s stock valued at $27,698,000 after purchasing an additional 417,225 shares during the period. Northern Trust Corp grew its position in shares of Service Properties Trust by 18.6% during the 3rd quarter. Northern Trust Corp now owns 2,511,244 shares of the real estate investment trust’s stock worth $19,311,000 after purchasing an additional 393,555 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Service Properties Trust by 108.0% during the third quarter. AQR Capital Management LLC now owns 635,044 shares of the real estate investment trust’s stock worth $4,883,000 after purchasing an additional 329,690 shares during the period. Finally, Allianz Asset Management GmbH raised its position in shares of Service Properties Trust by 14.9% in the fourth quarter. Allianz Asset Management GmbH now owns 846,736 shares of the real estate investment trust’s stock valued at $7,231,000 after buying an additional 109,732 shares in the last quarter. 77.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SVC has been the topic of a number of analyst reports. B. Riley reduced their price target on 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 dropped their price objective on shares of 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 Stock Down 2.5 %

Shares of NASDAQ SVC opened at $5.01 on Tuesday. The company has a 50 day simple moving average of $5.49 and a 200 day simple moving average of $6.72. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.04 and a quick ratio of 0.04. Service Properties Trust has a 1 year low of $4.81 and a 1 year high of $9.39. The firm has a market cap of $830.46 million, a PE ratio of -5.96 and a beta of 2.21.

Service Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders 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 15.97%. The ex-dividend date was Friday, April 19th. Service Properties Trust’s payout ratio is presently -95.24%.

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.