1 week Ago By ABMN Staff
Prudential Financial Inc. lowered its holdings in shares of Service Properties Trust ( NASDAQ:SVC – Free Report ) by 72.1% in the 4th quarter, HoldingsChannel reports.
The firm owned 102,138 shares of the real estate investment trust’s stock after selling 264,090 shares during the period. Prudential Financial Inc.’s holdings in Service Properties Trust were worth $259,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in SVC. Cibc World Markets Corp acquired a new stake in shares of Service Properties Trust during the 4th quarter worth approximately $39,000. Corient Private Wealth LLC acquired a new position in shares of Service Properties Trust during the 4th quarter valued at $41,000.
KBC Group NV boosted its stake in Service Properties Trust by 140.6% during the fourth quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 11,491 shares in the last quarter.
Walleye Capital LLC acquired a new stake in Service Properties Trust in the third quarter worth $58,000. Finally, Wolverine Trading LLC acquired a new stake in Service Properties Trust in the third quarter worth $58,000. 77.
62% of the stock is currently owned by institutional investors. Service Properties Trust Price Performance Shares of NASDAQ:SVC opened at $1.91 on Friday.
Service Properties Trust has a twelve month low of $1.71 and a twelve month high of $6.58.
The stock’s 50 day moving average is $2.60 and its 200-day moving average is $2.95.
The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.
32. The firm has a market capitalization of $318.28 million, a price-to-earnings ratio of -1.
30 and a beta of 1.80. Service Properties Trust Announces Dividend Analyst Upgrades and Downgrades Separately, Wells Fargo & Company raised shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $2.
50 to $4.00 in a research report on Wednesday, March 19th. Check Out Our Latest Stock Report on SVC Service Properties Trust Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding SVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Service Properties Trust ( NASDAQ:SVC – Free Report ).
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