Service Properties Trust (NASDAQ:SVC) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in Service Properties Trust (NASDAQ:SVC) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,726 shares of the real estate investment trust’s stock after selling 8,905 shares during the period. California State Teachers Retirement System’s holdings in Service Properties Trust were worth $375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC lifted its position in Service Properties Trust by 87.1% during the 4th quarter. Quadrant Capital Group LLC now owns 10,616 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 4,942 shares in the last quarter. Tidal Investments LLC acquired a new position in Service Properties Trust during the 4th quarter worth approximately $33,000. Cibc World Markets Corp acquired a new position in Service Properties Trust during the 4th quarter worth approximately $39,000. Corient Private Wealth LLC acquired a new position in Service Properties Trust during the 4th quarter worth approximately $41,000. Finally, Boothbay Fund Management LLC acquired a new position in Service Properties Trust during the 4th quarter worth approximately $48,000. 77.62% of the stock is owned by institutional investors and hedge funds.

Service Properties Trust Price Performance

SVC stock opened at $2.45 on Thursday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a 52-week low of $1.71 and a 52-week high of $6.34. The stock’s 50 day moving average is $2.07 and its two-hundred day moving average is $2.46. The company has a market capitalization of $408.26 million, a PE ratio of -1.67 and a beta of 1.87.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The company had revenue of $435.18 million for the quarter, compared to the consensus estimate of $433.21 million.

Service Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.63%. Service Properties Trust’s dividend payout ratio is presently -2.12%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Wells Fargo & Company raised Service Properties Trust from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $2.50 to $4.00 in a research report on Wednesday, March 19th. B. Riley assumed coverage on Service Properties Trust in a research report on Tuesday, April 22nd. They set a “neutral” rating and a $2.00 price target on the stock.

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.