Service Properties Trust (NASDAQ:SVC) Sets New 12-Month Low at $4.82

Service Properties Trust (NASDAQ:SVC) hit a new 52-week low during trading on Thursday . The company 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.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company dropped 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 cut their target price on Service Properties Trust from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, May 13th.

Service Properties Trust Price Performance

The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 3.58. The stock’s fifty day moving average price is $5.52 and its 200-day moving average price is $6.77.

Service Properties Trust Announces Dividend

The business 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. The ex-dividend date was Friday, April 19th. This represents a $0.80 dividend on an annualized basis and a yield of 15.56%. Service Properties Trust’s payout ratio is currently -95.24%.

Institutional Investors Weigh In On Service Properties Trust

Institutional investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC lifted its position in shares of Service Properties Trust by 137.9% during the first quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 3,436 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Service Properties Trust in the third quarter valued at $47,000. NorthRock Partners LLC purchased a new position in Service Properties Trust in the first quarter valued at $75,000. MQS Management LLC purchased a new stake in Service Properties Trust during the 3rd quarter worth about $77,000. Finally, Metis Global Partners LLC purchased a new position in shares of Service Properties Trust in the 4th quarter valued at about $96,000. 77.62% of the stock is owned by institutional investors and hedge funds.

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.