Price T Rowe Associates Inc. MD Buys 52,353 Shares of Service Properties Trust (NASDAQ:SVC)

Price T Rowe Associates Inc. MD lifted its stake in Service Properties Trust (NASDAQ:SVC) by 43.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 173,457 shares of the real estate investment trust’s stock after buying an additional 52,353 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Service Properties Trust were worth $441,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in Service Properties Trust by 87.1% in the fourth quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 4,942 shares in the last quarter. Cibc World Markets Corp purchased a new stake in Service Properties Trust in the fourth quarter worth about $39,000. Corient Private Wealth LLC purchased a new stake in Service Properties Trust in the fourth quarter worth about $41,000. KBC Group NV increased its position in Service Properties Trust by 140.6% in the fourth quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 11,491 shares in the last quarter. Finally, RPO LLC purchased a new stake in Service Properties Trust in the fourth quarter worth about $56,000. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Price Performance

Shares of SVC stock opened at $2.28 on Wednesday. Service Properties Trust has a 52-week low of $1.71 and a 52-week high of $6.34. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a market capitalization of $379.93 million, a P/E ratio of -1.55 and a beta of 1.77. The stock has a 50 day moving average price of $2.21 and a 200 day moving average price of $2.56.

Service Properties Trust (NASDAQ:SVC) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $435.18 million during the quarter, compared to analyst estimates of $433.21 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%.

Service Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be issued a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.75%. Service Properties Trust’s dividend payout ratio is presently -2.12%.

Analyst Ratings Changes

A number of analysts have commented on the company. B. Riley began coverage on Service Properties Trust in a research report on Tuesday, April 22nd. They issued a “neutral” rating and a $2.00 price target for the company. Wells Fargo & Company upgraded Service Properties Trust from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $2.50 to $4.00 in a research report on Wednesday, March 19th.

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.