Service Properties Trust (NASDAQ:SVC) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in Service Properties Trust (NASDAQ:SVC) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 326,088 shares of the real estate investment trust’s stock after selling 37,600 shares during the quarter. Swiss National Bank owned about 0.20% of Service Properties Trust worth $2,785,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SVC. NBC Securities Inc. purchased a new stake in shares of Service Properties Trust during the third quarter valued at $25,000. Fortis Group Advisors LLC purchased a new stake in shares of Service Properties Trust during the third quarter valued at $47,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of Service Properties Trust by 490.1% during 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 purchasing an additional 6,489 shares during the last quarter. MQS Management LLC acquired a new position in Service Properties Trust during the third quarter valued at $77,000. Finally, First Trust Direct Indexing L.P. acquired a new position in Service Properties Trust during the fourth quarter valued at $102,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Stock Performance

Shares of SVC stock opened at $5.45 on Thursday. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.04 and a quick ratio of 0.04. Service Properties Trust has a fifty-two week low of $5.42 and a fifty-two week high of $9.39. The stock’s 50-day moving average is $6.27 and its two-hundred day moving average is $7.17. The firm has a market cap of $903.39 million, a P/E ratio of -6.49 and a beta of 2.17.

Service Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 14.68%. The ex-dividend date was Friday, April 19th. Service Properties Trust’s payout ratio is currently -95.24%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. B. Riley dropped their price target on Service Properties Trust from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, May 13th. Wells Fargo & Company dropped their price target on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a research report on Thursday, March 21st.

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.