Capital Management Corp VA Has $10.47 Million Position in Service Properties Trust (NASDAQ:SVC)

Capital Management Corp VA cut its holdings in Service Properties Trust (NASDAQ:SVC) by 20.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,121,617 shares of the real estate investment trust’s stock after selling 1,052,946 shares during the quarter. Service Properties Trust comprises 1.9% of Capital Management Corp VA’s holdings, making the stock its 24th biggest position. Capital Management Corp VA owned approximately 2.47% of Service Properties Trust worth $10,469,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Service Properties Trust by 20.0% in the fourth 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 buying an additional 1,259,382 shares during the period. Geode Capital Management LLC boosted its stake in Service Properties Trust by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,509,823 shares of the real estate investment trust’s stock worth $20,568,000 after purchasing an additional 151,234 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Service Properties Trust by 395.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust’s stock worth $4,735,000 after purchasing an additional 828,765 shares in the last quarter. Whitebox Advisors LLC increased its holdings in Service Properties Trust by 4.9% during the 3rd quarter. Whitebox Advisors LLC now owns 640,602 shares of the real estate investment trust’s stock worth $2,921,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Readystate Asset Management LP raised its stake in shares of Service Properties Trust by 32.2% in the 3rd quarter. Readystate Asset Management LP now owns 594,436 shares of the real estate investment trust’s stock valued at $2,711,000 after purchasing an additional 144,782 shares during the period. 77.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price objective on 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 Stock Up 1.0 %

Service Properties Trust stock opened at $2.90 on Friday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a 1-year low of $2.29 and a 1-year high of $6.85. The company has a fifty day simple moving average of $2.71 and a 200 day simple moving average of $3.35. The company has a market cap of $483.25 million, a P/E ratio of -1.97 and a beta of 2.19.

Service Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Monday, January 27th. 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.