82,900 Shares in Service Properties Trust (NASDAQ:SVC) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Service Properties Trust (NASDAQ:SVC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 82,900 shares of the real estate investment trust’s stock, valued at approximately $708,000.

Other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund acquired a new stake in Service Properties Trust in the 3rd quarter worth $776,000. Graham Capital Management L.P. grew its position in Service Properties Trust by 188.2% in the 3rd quarter. Graham Capital Management L.P. now owns 55,159 shares of the real estate investment trust’s stock worth $424,000 after purchasing an additional 36,022 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Service Properties Trust by 8.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 237,412 shares of the real estate investment trust’s stock worth $1,826,000 after purchasing an additional 17,624 shares during the last quarter. AQR Capital Management LLC grew its position in Service Properties Trust by 108.0% in the 3rd quarter. AQR Capital Management LLC now owns 635,044 shares of the real estate investment trust’s stock worth $4,883,000 after purchasing an additional 329,690 shares during the last quarter. Finally, Capital Management Corp VA grew its position in Service Properties Trust by 8.5% in the 3rd quarter. Capital Management Corp VA now owns 2,826,085 shares of the real estate investment trust’s stock worth $21,733,000 after purchasing an additional 220,515 shares during the last quarter. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Price Performance

Shares of Service Properties Trust stock opened at $6.23 on Friday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50-day simple moving average is $6.67 and its 200-day simple moving average is $7.36. Service Properties Trust has a twelve month low of $5.92 and a twelve month high of $9.39. The firm has a market cap of $1.03 billion, a P/E ratio of -31.13 and a beta of 2.18.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.80 annualized dividend and a dividend yield of 12.85%. Service Properties Trust’s dividend payout ratio (DPR) is currently -400.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SVC shares. Wells Fargo & Company decreased their price target on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a research report on Thursday, March 21st. B. Riley decreased their target price on shares of Service Properties Trust from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, March 4th.

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.