Corient Private Wealth LLC Makes New $41,000 Investment in Service Properties Trust (NASDAQ:SVC)

Corient Private Wealth LLC bought a new position in Service Properties Trust (NASDAQ:SVC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,963 shares of the real estate investment trust’s stock, valued at approximately $41,000.

A number of other institutional investors have also made changes to their positions in SVC. Intech Investment Management LLC increased its position in Service Properties Trust by 17.3% in the 3rd quarter. Intech Investment Management LLC now owns 67,969 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 10,000 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Service Properties Trust by 10.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,294,874 shares of the real estate investment trust’s stock valued at $28,705,000 after purchasing an additional 616,718 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Service Properties Trust by 395.3% during 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 valued at $4,735,000 after purchasing an additional 828,765 shares in the last quarter. Walleye Capital LLC acquired a new stake in Service Properties Trust in the third quarter worth about $58,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Service Properties Trust by 27.0% in the third quarter. HighTower Advisors LLC now owns 74,758 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 15,914 shares in the last quarter. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Trading Up 0.8 %

Shares of NASDAQ:SVC opened at $2.63 on Thursday. The firm has a fifty day moving average of $2.73 and a two-hundred day moving average of $3.09. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a 12-month low of $2.29 and a 12-month high of $6.85. The firm has a market capitalization of $438.26 million, a P/E ratio of -1.79 and a beta of 1.80.

Service Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.52%. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.40%.

Analyst Ratings Changes

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

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.