Louisiana State Employees Retirement System increased its holdings in shares of Service Properties Trust (NASDAQ:SVC – Free Report) by 12.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,800 shares of the real estate investment trust’s stock after purchasing an additional 9,700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Service Properties Trust were worth $754,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SVC. Arizona State Retirement System increased its position in shares of Service Properties Trust by 2.9% during the first quarter. Arizona State Retirement System now owns 47,941 shares of the real estate investment trust’s stock worth $477,000 after purchasing an additional 1,343 shares in the last quarter. Natixis Advisors L.P. grew its position in Service Properties Trust by 61.4% during the 1st quarter. Natixis Advisors L.P. now owns 71,574 shares of the real estate investment trust’s stock worth $713,000 after purchasing an additional 27,241 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in Service Properties Trust by 243.5% during the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 110,600 shares of the real estate investment trust’s stock worth $1,102,000 after purchasing an additional 78,400 shares during the last quarter. LSV Asset Management grew its position in Service Properties Trust by 4.1% during the 1st quarter. LSV Asset Management now owns 3,992,817 shares of the real estate investment trust’s stock worth $39,768,000 after purchasing an additional 156,280 shares during the last quarter. Finally, Sigma Planning Corp purchased a new position in Service Properties Trust during the 1st quarter worth $319,000. Hedge funds and other institutional investors own 78.20% of the company’s stock.
Service Properties Trust Trading Up 1.1 %
Shares of Service Properties Trust stock opened at $7.36 on Tuesday. Service Properties Trust has a 1 year low of $5.28 and a 1 year high of $11.56. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $1.22 billion, a P/E ratio of -147.17 and a beta of 2.20. The company’s fifty day moving average is $8.02 and its two-hundred day moving average is $8.55.
Service Properties Trust Cuts Dividend
Service Properties Trust Company Profile
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 June 30, 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.
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