Empowered Funds LLC Makes New $96,000 Investment in Service Properties Trust (NASDAQ:SVC)

Empowered Funds LLC acquired a new position in Service Properties Trust (NASDAQ:SVC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 37,808 shares of the real estate investment trust’s stock, valued at approximately $96,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wolverine Trading LLC bought a new position in Service Properties Trust during the third quarter valued at approximately $58,000. Walleye Capital LLC bought a new position in Service Properties Trust during the third quarter valued at approximately $58,000. Y Intercept Hong Kong Ltd bought a new position in Service Properties Trust during the third quarter valued at approximately $71,000. Metis Global Partners LLC lifted its position in Service Properties Trust by 38.8% during the third 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 during the period. Finally, KBC Group NV lifted its position in Service Properties Trust by 140.6% during the fourth 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 during the period. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lowered their price objective on shares of Service Properties Trust from $2.75 to $2.50 and set an “underweight” rating on the stock in a research report on Tuesday, February 18th.

Service Properties Trust Stock Performance

SVC opened at $2.69 on Friday. Service Properties Trust has a fifty-two week low of $2.29 and a fifty-two week high of $7.73. The stock has a market capitalization of $448.29 million, a price-to-earnings ratio of -1.83 and a beta of 2.19. The company has a fifty day moving average of $2.63 and a 200 day moving average of $3.47. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03.

Service Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were issued a $0.01 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.49%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

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.