Service Properties Trust (NASDAQ:SVC) Sets New 12-Month Low at $4.82

Service Properties Trust (NASDAQ:SVC)’s share price hit a new 52-week low on Thursday . The company traded as low as $4.82 and last traded at $4.82, with a volume of 224470 shares changing hands. The stock had previously closed at $4.89.

Analyst Ratings Changes

Several research firms recently weighed in on SVC. B. Riley reduced their target price on shares of Service Properties Trust from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, May 13th. Wells Fargo & Company cut their target price on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a research note on Thursday, March 21st.

Service Properties Trust Price Performance

The stock has a fifty day moving average of $5.58 and a 200-day moving average of $6.81. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $803.94 million, a P/E ratio of -5.82 and a beta of 2.18.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 16.49%. The ex-dividend date was Friday, April 19th. Service Properties Trust’s dividend payout ratio is presently -95.24%.

Institutional Investors Weigh In On Service Properties Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Management Corp VA lifted its holdings in shares of Service Properties Trust by 11.9% in the first quarter. Capital Management Corp VA now owns 3,630,775 shares of the real estate investment trust’s stock valued at $24,617,000 after purchasing an additional 387,465 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Service Properties Trust by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,798,087 shares of the real estate investment trust’s stock worth $23,896,000 after acquiring an additional 91,272 shares in the last quarter. Northern Trust Corp lifted its position in shares of Service Properties Trust by 18.6% in the third quarter. Northern Trust Corp now owns 2,511,244 shares of the real estate investment trust’s stock worth $19,311,000 after purchasing an additional 393,555 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Service Properties Trust by 15.3% during the 3rd quarter. Invesco Ltd. now owns 2,310,176 shares of the real estate investment trust’s stock worth $17,765,000 after buying an additional 307,236 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Service Properties Trust during the 4th quarter worth approximately $9,333,000. 77.62% of the stock is owned by institutional investors.

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.