Catalyst Funds Management Pty Ltd Has $120,000 Holdings in Service Properties Trust (NASDAQ:SVC)

Catalyst Funds Management Pty Ltd raised its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 639.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,300 shares of the real estate investment trust’s stock after purchasing an additional 40,900 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Service Properties Trust were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in SVC. Metis Global Partners LLC raised its position in shares of Service Properties Trust by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 18,082 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 5,056 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Service Properties Trust by 2.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,100 shares of the real estate investment trust’s stock valued at $963,000 after acquiring an additional 5,400 shares during the period. Stifel Financial Corp raised its position in shares of Service Properties Trust by 39.8% in the 3rd quarter. Stifel Financial Corp now owns 33,222 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 9,463 shares during the period. Intech Investment Management LLC raised its position in shares of Service Properties Trust by 17.3% in the 3rd quarter. Intech Investment Management LLC now owns 67,969 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 10,000 shares during the period. Finally, KBC Group NV raised its position in shares of Service Properties Trust by 140.6% in the 4th quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 11,491 shares during the period. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Stock Performance

Shares of NASDAQ:SVC opened at $2.46 on Monday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market capitalization of $409.93 million, a price-to-earnings ratio of -1.67 and a beta of 2.21. The firm’s 50 day simple moving average is $2.70 and its 200 day simple moving average is $3.26. Service Properties Trust has a fifty-two week low of $2.29 and a fifty-two week high of $6.85.

Service Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.63%. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.40%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their price target on shares of Service Properties Trust from $2.75 to $2.50 and set an “underweight” rating on the stock in a research report on Tuesday, February 18th.

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.