Service Properties Trust (NASDAQ:SVC) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in Service Properties Trust (NASDAQ:SVC) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,121 shares of the real estate investment trust’s stock after selling 13,637 shares during the quarter. HighTower Advisors LLC’s holdings in Service Properties Trust were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Service Properties Trust by 2.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 211,100 shares of the real estate investment trust’s stock worth $963,000 after buying an additional 5,400 shares in the last quarter. Stifel Financial Corp boosted its position in Service Properties Trust by 39.8% during the third quarter. Stifel Financial Corp now owns 33,222 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 9,463 shares during the last quarter. KBC Group NV grew 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 acquiring an additional 11,491 shares in the last quarter. Wolverine Trading LLC purchased a new stake in Service Properties Trust during the 3rd quarter valued at about $58,000. Finally, Walleye Capital LLC acquired a new stake in Service Properties Trust in the 3rd quarter valued at about $58,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Service Properties Trust Trading Down 8.5 %

Shares of SVC stock opened at $1.94 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a twelve month low of $1.75 and a twelve month high of $6.85. The company’s 50-day moving average price is $2.70 and its 200-day moving average price is $3.07. The stock has a market cap of $323.28 million, a price-to-earnings ratio of -1.32 and a beta of 1.80.

Service Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 2.06%. Service Properties Trust’s dividend payout ratio (DPR) is -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.