Service Properties Trust (NASDAQ:SVC) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Service Properties Trust (NASDAQ:SVC) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,554,256 shares of the real estate investment trust’s stock after buying an additional 1,259,382 shares during the quarter. Charles Schwab Investment Management Inc. owned about 4.53% of Service Properties Trust worth $19,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wolverine Trading LLC bought a new position in Service Properties Trust in the 3rd quarter worth approximately $58,000. Walleye Capital LLC bought a new position in Service Properties Trust during the 3rd quarter valued at $58,000. Y Intercept Hong Kong Ltd bought a new position in Service Properties Trust during the 3rd quarter valued at $71,000. Metis Global Partners LLC boosted its stake in Service Properties Trust by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 18,082 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 5,056 shares in the last quarter. Finally, KBC Group NV boosted its stake in Service Properties Trust by 140.6% during the 4th quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 11,491 shares in the last quarter. 77.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised Service Properties Trust from an “underweight” rating to an “overweight” rating and increased their price target for the company from $2.50 to $4.00 in a research note on Wednesday.

Service Properties Trust Stock Performance

Shares of NASDAQ SVC opened at $2.99 on Thursday. The stock has a fifty day moving average price of $2.71 and a two-hundred day moving average price of $3.22. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market cap of $498.24 million, a P/E ratio of -2.03 and a beta of 2.20. Service Properties Trust has a 1 year low of $2.29 and a 1 year high of $6.85.

Service Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Monday, January 27th. Service Properties Trust’s payout ratio is currently -2.40%.

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.