Service Properties Trust (NASDAQ:SVC) Sets New 52-Week Low at $4.81

Service Properties Trust (NASDAQ:SVC) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.81 and last traded at $4.83, with a volume of 1047619 shares trading hands. The stock had previously closed at $5.18.

Wall Street Analysts Forecast Growth

Separately, 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.

Service Properties Trust Stock Down 6.8 %

The company has a market capitalization of $800.62 million, a PE ratio of -6.04 and a beta of 2.21. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.04 and a current ratio of 0.04. The company’s 50-day moving average is $5.29 and its 200 day moving average is $6.20.

Service Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 16.56%. The ex-dividend date is Monday, July 22nd. Service Properties Trust’s payout ratio is -95.24%.

Institutional Trading of Service Properties Trust

A number of institutional investors and hedge funds have recently modified their holdings of SVC. FinTrust Capital Advisors LLC raised its holdings 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 valued at $40,000 after purchasing an additional 3,436 shares during the last quarter. Choreo LLC purchased a new stake in Service Properties Trust during the 2nd quarter valued at $54,000. NorthRock Partners LLC bought a new position in shares of Service Properties Trust during the 1st quarter valued at $75,000. Metis Global Partners LLC purchased a new position in shares of Service Properties Trust in the 4th quarter worth $96,000. Finally, First Trust Direct Indexing L.P. bought a new stake in shares of Service Properties Trust in the fourth quarter worth $102,000. Institutional investors 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.