Quantbot Technologies LP Takes Position in Service Properties Trust (NASDAQ:SVC)

Quantbot Technologies LP bought a new position in Service Properties Trust (NASDAQ:SVC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 82,393 shares of the real estate investment trust’s stock, valued at approximately $209,000.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Service Properties Trust by 20.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust’s stock worth $19,188,000 after purchasing an additional 1,259,382 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Service Properties Trust by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,509,823 shares of the real estate investment trust’s stock valued at $20,568,000 after buying an additional 151,234 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Service Properties Trust by 395.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust’s stock worth $4,735,000 after buying an additional 828,765 shares in the last quarter. Whitebox Advisors LLC lifted its holdings in Service Properties Trust by 4.9% in the third quarter. Whitebox Advisors LLC now owns 640,602 shares of the real estate investment trust’s stock worth $2,921,000 after buying an additional 30,000 shares during the period. Finally, Readystate Asset Management LP boosted its position in Service Properties Trust by 32.2% during the 3rd quarter. Readystate Asset Management LP now owns 594,436 shares of the real estate investment trust’s stock valued at $2,711,000 after acquiring an additional 144,782 shares in the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Down 2.6 %

NASDAQ:SVC opened at $2.63 on Friday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. The firm’s 50-day moving average price is $2.73 and its 200-day moving average price is $3.13. The company has a market capitalization of $438.26 million, a PE ratio of -1.79 and a beta of 2.21. Service Properties Trust has a 1-year low of $2.29 and a 1-year high of $6.85.

Service Properties Trust Dividend Announcement

The firm also recently announced 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 dividend yield of 1.52%. The ex-dividend date of this dividend was Monday, January 27th. Service Properties Trust’s dividend payout ratio is -2.40%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised Service Properties Trust from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $2.50 to $4.00 in a research report on Wednesday, March 19th.

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.