Baugh & Associates LLC Has $2.03 Million Stock Holdings in Service Properties Trust (NASDAQ:SVC)

Baugh & Associates LLC reduced its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 0.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 299,731 shares of the real estate investment trust’s stock after selling 2,364 shares during the quarter. Service Properties Trust makes up about 1.1% of Baugh & Associates LLC’s portfolio, making the stock its 29th biggest holding. Baugh & Associates LLC owned 0.18% of Service Properties Trust worth $2,032,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SVC. Fortis Group Advisors LLC bought a new position in shares of Service Properties Trust in the third quarter valued at about $47,000. MQS Management LLC acquired a new stake in Service Properties Trust during the 3rd quarter worth approximately $77,000. Metis Global Partners LLC bought a new position in Service Properties Trust during the fourth quarter worth about $96,000. First Trust Direct Indexing L.P. bought a new position in Service Properties Trust during the 4th quarter worth $102,000. Finally, PNC Financial Services Group Inc. raised its stake in Service Properties Trust by 30.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,553 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 3,135 shares in the last quarter. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Stock Up 2.9 %

Shares of NASDAQ:SVC traded up $0.14 during mid-day trading on Friday, hitting $5.04. 320,681 shares of the company traded hands, compared to its average volume of 1,012,222. The stock has a market cap of $835.43 million, a P/E ratio of -5.83 and a beta of 2.18. The stock has a 50-day moving average price of $5.53 and a two-hundred day moving average price of $6.78. Service Properties Trust has a 12-month low of $4.81 and a 12-month high of $9.39. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 3.58.

Service Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 22nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 15.87%. The ex-dividend date of this dividend was Friday, April 19th. Service Properties Trust’s dividend payout ratio (DPR) is currently -95.24%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SVC. B. Riley lowered their price objective on shares of Service Properties Trust from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, May 13th. Wells Fargo & Company dropped their target price on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a report on Thursday, March 21st.

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.