32,008 Shares in Service Properties Trust (NASDAQ:SVC) Purchased by Sigma Planning Corp

Posted by Defense World Staff on Aug 14th, 2023

Sigma Planning Corp acquired a new stake in shares of Service Properties Trust (NASDAQ:SVC – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,008 shares of the real estate investment trust’s stock, valued at approximately $319,000.

A number of other large investors have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in Service Properties Trust during the first quarter valued at approximately $30,000. Point72 Hong Kong Ltd grew its position in Service Properties Trust by 350.6% in the first quarter. Point72 Hong Kong Ltd now owns 4,389 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 3,415 shares during the period. Captrust Financial Advisors acquired a new position in Service Properties Trust during the second quarter worth $41,000. EMC Capital Management raised its stake in Service Properties Trust by 16.8% during the fourth quarter. EMC Capital Management now owns 8,261 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,191 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Service Properties Trust during the fourth quarter valued at $76,000. 79.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their target price on shares of Service Properties Trust from $15.00 to $13.00 in a report on Thursday, May 11th.

View Our Latest Research Report on Service Properties Trust

Service Properties Trust Trading Down 0.5 %

SVC stock opened at $8.57 on Monday. The business has a fifty day moving average price of $8.71 and a 200 day moving average price of $9.08. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.76 and a quick ratio of 0.50. Service Properties Trust has a fifty-two week low of $4.99 and a fifty-two week high of $11.56. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -171.37 and a beta of 2.22.

Service Properties Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 24th will be paid a $0.20 dividend. The ex-dividend date is Friday, July 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.33%. Service Properties Trust’s dividend payout ratio (DPR) is presently -1,599.68%.

Service Properties Trust Profile

(Free Report)

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of March 31, 2023, SVC owned 220 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.