Service Properties Trust (NASDAQ:SVC) Hits New 52-Week Low at $4.82

Service Properties Trust (NASDAQ:SVC)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $4.82 and last traded at $4.82, with a volume of 224470 shares changing hands. The stock had previously closed at $4.89.

Analysts Set New Price Targets

Several brokerages have issued reports on SVC. Wells Fargo & Company decreased their price objective on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a research note on Thursday, March 21st. B. Riley dropped their price objective on Service Properties Trust from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, May 13th.

Service Properties Trust Stock Down 0.8 %

The company has a market cap of $803.94 million, a price-to-earnings ratio of -5.82 and a beta of 2.18. The business has a fifty day moving average of $5.58 and a two-hundred day moving average of $6.81. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 3.58.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 16.49%. The ex-dividend date was Friday, April 19th. Service Properties Trust’s payout ratio is -95.24%.

Hedge Funds Weigh In On Service Properties Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SVC. FinTrust Capital Advisors LLC lifted its stake in shares of Service Properties Trust by 137.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 3,436 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in Service Properties Trust during the 3rd quarter valued at about $47,000. MQS Management LLC acquired a new position in Service Properties Trust in the 3rd quarter valued at about $77,000. NorthRock Partners LLC purchased a new stake in Service Properties Trust during the first quarter worth about $75,000. Finally, Metis Global Partners LLC acquired a new position in shares of Service Properties Trust in the fourth quarter valued at approximately $96,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

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.