Service Properties Trust (NASDAQ:SVC) Reaches New 12-Month Low at $5.43

Service Properties Trust (NASDAQ:SVC)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $5.43 and last traded at $5.73, with a volume of 486882 shares traded. The stock had previously closed at $6.06.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SVC shares. B. Riley dropped their target price on Service Properties Trust from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Wells Fargo & Company lowered their price objective 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

The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 3.26. The firm’s fifty day moving average price is $6.41 and its 200-day moving average price is $7.27. The firm has a market cap of $971.40 million, a price-to-earnings ratio of -29.30 and a beta of 2.17.

Service Properties Trust Announces Dividend

The company also recently announced 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 13.65%. The ex-dividend date is Friday, April 19th. Service Properties Trust’s dividend payout ratio (DPR) is currently -400.00%.

Hedge Funds Weigh In On Service Properties Trust

A number of hedge funds have recently modified their holdings of the business. NBC Securities Inc. purchased a new position in shares of Service Properties Trust during the third quarter worth about $25,000. FinTrust Capital Advisors LLC raised its position in Service Properties Trust by 137.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 3,436 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Service Properties Trust in the 3rd quarter worth $47,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Service Properties Trust by 490.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 7,813 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 6,489 shares in the last quarter. Finally, MQS Management LLC acquired a new position in shares of Service Properties Trust during the third quarter worth about $77,000. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

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.