First Trust Direct Indexing L.P. Invests $102,000 in Service Properties Trust (NASDAQ:SVC)

First Trust Direct Indexing L.P. acquired a new position in shares of Service Properties Trust (NASDAQ:SVC) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,893 shares of the real estate investment trust’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sigma Planning Corp increased its position in shares of Service Properties Trust by 4.7% during the 3rd quarter. Sigma Planning Corp now owns 33,508 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 1,500 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Service Properties Trust by 4.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 52,923 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 2,155 shares in the last quarter. Handelsbanken Fonder AB grew its position in Service Properties Trust by 6.9% in the 4th quarter. Handelsbanken Fonder AB now owns 35,400 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 2,300 shares in the last quarter. SG Americas Securities LLC grew its position in Service Properties Trust by 4.0% in the 4th quarter. SG Americas Securities LLC now owns 80,678 shares of the real estate investment trust’s stock valued at $689,000 after acquiring an additional 3,083 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Service Properties Trust by 1.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 257,217 shares of the real estate investment trust’s stock valued at $2,227,000 after acquiring an additional 3,237 shares in the last quarter. 77.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SVC has been the subject of several research reports. B. Riley dropped their target price on Service Properties Trust from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Wells Fargo & Company dropped their target price on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a research report on Thursday, March 21st.

Service Properties Trust Stock Performance

Shares of Service Properties Trust stock opened at $5.68 on Thursday. Service Properties Trust has a one year low of $5.43 and a one year high of $9.39. The company has a market cap of $941.56 million, a PE ratio of -28.40 and a beta of 2.17. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.09 and a current ratio of 0.09. The business has a 50-day simple moving average of $6.42 and a 200-day simple moving average of $7.28.

Service Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.08%. The ex-dividend date is Friday, April 19th. Service Properties Trust’s dividend payout ratio is presently -400.00%.

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.