State of Alaska Department of Revenue Has $200,000 Position in Service Properties Trust (NASDAQ:SVC)

State of Alaska Department of Revenue cut its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 54.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,134 shares of the real estate investment trust’s stock after selling 93,748 shares during the quarter. State of Alaska Department of Revenue’s holdings in Service Properties Trust were worth $200,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SVC. KBC Group NV increased its holdings in Service Properties Trust by 140.6% in the 4th quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 11,491 shares during the period. Walleye Capital LLC bought a new position in Service Properties Trust in the 3rd quarter worth approximately $58,000. Wolverine Trading LLC acquired a new position in shares of Service Properties Trust during the third quarter valued at $58,000. EMC Capital Management raised its holdings in Service Properties Trust by 1,031.3% during the 4th quarter. EMC Capital Management now owns 24,459 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 22,297 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Service Properties Trust in the third quarter valued at approximately $71,000. 77.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered their target price on shares of Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating for the company in a research note on Monday, December 9th.

Service Properties Trust Price Performance

NASDAQ SVC opened at $2.62 on Friday. The firm’s 50 day moving average is $2.63 and its 200-day moving average is $3.55. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. The company has a market capitalization of $436.62 million, a PE ratio of -1.78 and a beta of 2.19. Service Properties Trust has a 12-month low of $2.29 and a 12-month high of $7.82.

Service Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.53%. Service Properties Trust’s dividend payout ratio is presently -2.72%.

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.