Susquehanna Advisors Group Inc. Invests $2.16 Million in Service Properties Trust (NASDAQ:SVC)

Susquehanna Advisors Group Inc. acquired a new stake in Service Properties Trust (NASDAQ:SVC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 849,295 shares of the real estate investment trust’s stock, valued at approximately $2,157,000.

Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Service Properties Trust by 20.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust’s stock valued at $19,188,000 after acquiring an additional 1,259,382 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Service Properties Trust by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,563,212 shares of the real estate investment trust’s stock worth $11,593,000 after buying an additional 53,389 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Service Properties Trust by 110.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,043,171 shares of the real estate investment trust’s stock valued at $2,650,000 after buying an additional 547,576 shares during the period. Jump Financial LLC grew its position in shares of Service Properties Trust by 525.4% during the 4th quarter. Jump Financial LLC now owns 687,921 shares of the real estate investment trust’s stock valued at $1,747,000 after buying an additional 577,921 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in Service Properties Trust by 3,721.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 591,225 shares of the real estate investment trust’s stock worth $1,502,000 after acquiring an additional 575,754 shares during the period. Institutional investors own 77.62% of the company’s stock.

Wall Street Analyst Weigh In

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

Service Properties Trust Stock Performance

SVC stock opened at $1.83 on Tuesday. The stock’s fifty day moving average is $2.47 and its two-hundred day moving average is $2.80. The stock has a market capitalization of $304.95 million, a price-to-earnings ratio of -1.24 and a beta of 1.80. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. Service Properties Trust has a 1 year low of $1.71 and a 1 year high of $6.42.

Service Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Service Properties Trust’s payout ratio 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.