22,014 Shares in Service Properties Trust (NASDAQ:SVC) Purchased by Rpo LLC

Rpo LLC acquired a new stake in shares of Service Properties Trust (NASDAQ:SVC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,014 shares of the real estate investment trust’s stock, valued at approximately $56,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its position in shares of Service Properties Trust by 17.3% during the third quarter. Intech Investment Management LLC now owns 67,969 shares of the real estate investment trust’s stock worth $310,000 after acquiring an additional 10,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Service Properties Trust by 10.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,294,874 shares of the real estate investment trust’s stock worth $28,705,000 after purchasing an additional 616,718 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Service Properties Trust by 395.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust’s stock worth $4,735,000 after purchasing an additional 828,765 shares during the period. Walleye Capital LLC bought a new position in Service Properties Trust in the 3rd quarter worth about $58,000. Finally, HighTower Advisors LLC grew its holdings in Service Properties Trust by 27.0% during the 3rd quarter. HighTower Advisors LLC now owns 74,758 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 15,914 shares in the last quarter. Institutional investors own 77.62% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $2.50 to $4.00 in a report on Wednesday, March 19th.

Service Properties Trust Price Performance

Shares of NASDAQ SVC opened at $2.63 on Thursday. The stock’s 50-day simple moving average is $2.73 and its two-hundred day simple moving average is $3.09. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $6.85. The firm has a market capitalization of $438.26 million, a P/E ratio of -1.79 and a beta of 1.80. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32.

Service Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Monday, January 27th. Service Properties Trust’s dividend payout ratio (DPR) is -2.40%.

Service Properties Trust Profile

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.