Pensionfund Sabic Buys New Shares in Service Properties Trust (NASDAQ:SVC)

Pensionfund Sabic bought a new stake in shares of Service Properties Trust (NASDAQ:SVCGet Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 20,266 shares of the real estate investment trust’s stock, valued at approximately $179,000.

Other institutional investors also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Service Properties Trust during the 3rd quarter valued at $112,000. First Republic Investment Management Inc. acquired a new position in Service Properties Trust during the fourth quarter worth $89,000. TownSquare Capital LLC acquired a new position in Service Properties Trust during the third quarter worth $124,000. Van ECK Associates Corp raised its holdings in Service Properties Trust by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 12,774 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 5,121 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Service Properties Trust by 29.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 15,084 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 3,430 shares during the last quarter. Institutional investors own 79.60% of the company’s stock.

Shares of NASDAQ:SVC opened at $4.89 on Thursday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 4.98. The firm has a market capitalization of $807.29 million, a PE ratio of -1.72 and a beta of 2.13. Service Properties Trust has a twelve month low of $4.69 and a twelve month high of $13.76. The company has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $8.07.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 19th. Stockholders of record on Monday, April 25th were given a $0.01 dividend. The ex-dividend date of this dividend was Friday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.82%. Service Properties Trust’s dividend payout ratio (DPR) is currently -1.40%.

Several research analysts have weighed in on the stock. B. Riley lowered their price objective on shares of Service Properties Trust from $13.00 to $11.00 in a report on Monday, May 9th. Oppenheimer initiated coverage on shares of Service Properties Trust in a report on Thursday, April 21st. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company lowered their target price on shares of Service Properties Trust from $8.50 to $6.25 and set an “underweight” rating for the company in a report on Tuesday, May 24th.

Service Properties Trust Profile (Get Rating)

Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC's properties are primarily operated under long-term management or lease agreements.

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Institutional Ownership by Quarter for Service Properties Trust (NASDAQ:SVC)

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