Arizona State Retirement System Has $340,000 Stock Position in Service Properties Trust (NASDAQ:SVC)

Arizona State Retirement System grew its position in Service Properties Trust (NASDAQ:SVC – Get Rating) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,598 shares of the real estate investment trust’s stock after buying an additional 1,735 shares during the period. Arizona State Retirement System’s holdings in Service Properties Trust were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SVC. MQS Management LLC bought a new position in Service Properties Trust during the third quarter worth about $54,000. State of Alaska Department of Revenue lifted its holdings in Service Properties Trust by 0.8% during the fourth quarter. State of Alaska Department of Revenue now owns 197,836 shares of the real estate investment trust’s stock worth $1,440,000 after acquiring an additional 1,606 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Service Properties Trust by 14.8% during the fourth quarter. ProShare Advisors LLC now owns 25,961 shares of the real estate investment trust’s stock worth $189,000 after acquiring an additional 3,356 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Service Properties Trust by 6.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,500 shares of the real estate investment trust’s stock worth $838,000 after acquiring an additional 10,300 shares in the last quarter. Finally, Cipher Capital LP bought a new stake in shares of Service Properties Trust in the third quarter valued at about $110,000. 78.28% of the stock is owned by institutional investors and hedge funds.

Service Properties Trust Price Performance

Service Properties Trust stock opened at $8.05 on Monday. Service Properties Trust has a 12 month low of $4.65 and a 12 month high of $11.56. The stock’s 50 day moving average is $9.17 and its 200-day moving average is $8.66. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 4.13. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 89.44 and a beta of 2.24.

Service Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Stockholders of record on Monday, April 24th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 9.94%. The ex-dividend date of this dividend was Friday, April 21st. Service Properties Trust’s payout ratio is 888.89%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SVC shares. TheStreet raised Service Properties Trust from a “d+” rating to a “c” rating in a research report on Monday, April 10th. Wells Fargo & Company boosted their price target on Service Properties Trust from $6.75 to $7.50 and gave the stock an “underweight” rating in a research report on Thursday, February 2nd. Oppenheimer reissued a “market perform” rating and set a $8.50 price target on shares of Service Properties Trust in a research report on Tuesday, March 7th. Finally, B. Riley lowered their price target on Service Properties Trust from $15.00 to $13.00 in a research report on Thursday, May 11th.

Service Properties Trust Company Profile

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Service Properties Trust is a real estate investment trust, which engages in the provision of hospitality and travel services. It operates through the following Hotel Investments and Net Lease Investments segments. The firm owns hotels and travel centers located throughout the U.S., Ontario, Canada, and Puerto Rico.