Service Properties Trust (NASDAQ:SVC) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its position in Service Properties Trust (NASDAQ:SVC) by 3,721.5% during the fourth quarter, Holdings Channel reports. The fund owned 591,225 shares of the real estate investment trust’s stock after purchasing an additional 575,754 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Service Properties Trust were worth $1,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of SVC. International Assets Investment Management LLC increased its stake in Service Properties Trust by 3,261.1% during the 3rd quarter. International Assets Investment Management LLC now owns 36,535 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 35,448 shares during the period. abrdn plc increased its stake in Service Properties Trust by 10.5% during the 3rd quarter. abrdn plc now owns 33,919 shares of the real estate investment trust’s stock valued at $155,000 after buying an additional 3,236 shares during the period. Van ECK Associates Corp increased its stake in Service Properties Trust by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 28,352 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 3,112 shares during the period. Asset Management One Co. Ltd. increased its stake in Service Properties Trust by 1.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 247,449 shares of the real estate investment trust’s stock valued at $1,128,000 after buying an additional 3,594 shares during the period. Finally, Capital Management Corp VA increased its stake in Service Properties Trust by 9.6% during the 3rd quarter. Capital Management Corp VA now owns 5,174,563 shares of the real estate investment trust’s stock valued at $23,596,000 after buying an additional 453,944 shares during the period. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Stock Performance

NASDAQ:SVC opened at $2.65 on Wednesday. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $7.73. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The company has a 50-day moving average of $2.64 and a 200-day moving average of $3.42. The firm has a market cap of $441.62 million, a price-to-earnings ratio of -1.80 and a beta of 2.19.

Service Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were given a dividend of $0.01 per share. The ex-dividend date was Monday, January 27th. This represents a $0.04 annualized dividend and a dividend yield of 1.51%. Service Properties Trust’s dividend payout ratio (DPR) is -2.72%.

Analysts Set New Price Targets

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

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.