Swiss National Bank Grows Position in Service Properties Trust (NASDAQ:SVC)

Swiss National Bank raised its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 376,588 shares of the real estate investment trust’s stock after buying an additional 3,600 shares during the quarter. Swiss National Bank owned about 0.23% of Service Properties Trust worth $4,466,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SVC. Abundance Wealth Counselors purchased a new stake in shares of Service Properties Trust in the first quarter valued at about $52,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Service Properties Trust by 31.0% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,720 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 1,354 shares during the period. Van ECK Associates Corp grew its holdings in shares of Service Properties Trust by 33.2% in the fourth quarter. Van ECK Associates Corp now owns 6,587 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 1,642 shares during the period. Eukles Asset Management grew its holdings in shares of Service Properties Trust by 13.9% in the first quarter. Eukles Asset Management now owns 11,024 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,342 shares during the period. Finally, First Hawaiian Bank purchased a new stake in shares of Service Properties Trust in the first quarter valued at about $137,000. 77.00% of the stock is owned by institutional investors and hedge funds.

NASDAQ SVC opened at $13.81 on Friday. The firm has a 50-day moving average of $12.13. Service Properties Trust has a 12 month low of $5.85 and a 12 month high of $15.39. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $2.28 billion, a PE ratio of -4.80 and a beta of 2.48.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 20th. Shareholders of record on Monday, April 26th were given a $0.01 dividend. The ex-dividend date was Friday, April 23rd. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. Service Properties Trust’s payout ratio is currently 3.25%.

Separately, B. Riley reissued a “neutral” rating and issued a $14.00 price objective on shares of Service Properties Trust in a report on Monday, March 8th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.50.

Service Properties Trust Company Profile

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.

See Also: Special Purpose Acquisition Company (SPAC)

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

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