6 days Ago By Defense World Staff
Sei Investments Co. grew its position in Service Properties Trust (NASDAQ:SVC – Free Report) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 72,589 shares of the real estate investment trust’s stock after acquiring an additional 8,157 shares during the quarter. Sei Investments Co.’s holdings in Service Properties Trust were worth $185,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Walleye Capital LLC purchased a new stake in shares of Service Properties Trust in the third quarter worth approximately $58,000. HighTower Advisors LLC grew its position in Service Properties Trust by 27.
0% in the 3rd quarter. HighTower Advisors LLC now owns 74,758 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 15,914 shares during the last quarter. Stifel Financial Corp increased its stake in Service Properties Trust by 39.
8% in the third quarter. Stifel Financial Corp now owns 33,222 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 9,463 shares during the period. Wolverine Trading LLC bought a new stake in shares of Service Properties Trust during the third quarter worth $58,000.
Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Service Properties Trust during the third quarter worth $71,000. Institutional investors own 77.62% of the company’s stock.
Service Properties Trust Stock Up 0.5 %Shares of NASDAQ SVC opened at $1.92 on Friday.
Service Properties Trust has a 52-week low of $1.71 and a 52-week high of $6.57.
The firm has a market capitalization of $319.94 million, a price-to-earnings ratio of -1.31 and a beta of 1.
80. The stock has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.
93. 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 Dividend AnnouncementThe company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th.
Shareholders of record on Tuesday, April 22nd will be issued a $0.01 dividend. This represents a $0.
04 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, April 22nd.
Service Properties Trust’s dividend payout ratio is -2.40%. Wall Street Analysts Forecast GrowthSeparately, Wells Fargo & Company raised shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $2.
50 to $4.00 in a research note on Wednesday, March 19th.Read Our Latest Analysis on SVCService 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 ReadingFive stocks we like better than Service Properties TrustHow Investors Can Identify and Successfully Trade Gap-Down StocksJPMorgan is a Buy, if You Can Handle The Volatility The 3 Best Retail Stocks to Shop for in AugustUnited States Steel’s Crash: An Unmissable Buying OpportunityRussell 2000 Index, How Investors Use it For Profitable TradingRocket Lab Stock: Weathering the Storm, Time for a Comeback?.
