Wolverine Asset Management LLC Purchases 131,237 Shares of Service Properties Trust (NASDAQ:SVC)

Wolverine Asset Management LLC lifted its holdings in Service Properties Trust (NASDAQ:SVC) by 300.5% in the 4th quarter, Holdings Channel reports. The firm owned 174,903 shares of the real estate investment trust’s stock after acquiring an additional 131,237 shares during the period. Wolverine Asset Management LLC’s holdings in Service Properties Trust were worth $444,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. KBC Group NV grew its holdings in shares of Service Properties Trust by 140.6% in 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 during the period. Walleye Capital LLC purchased a new position in Service Properties Trust in the third quarter worth about $58,000. Wolverine Trading LLC bought a new stake in shares of Service Properties Trust during the 3rd quarter valued at about $58,000. EMC Capital Management increased its position in shares of Service Properties Trust by 1,031.3% during the 4th quarter. EMC Capital Management now owns 24,459 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 22,297 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Service Properties Trust in the 3rd quarter worth approximately $71,000. 77.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their target price on shares of 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 Down 3.2 %

NASDAQ SVC opened at $2.69 on Monday. The stock’s 50-day moving average price is $2.63 and its 200-day moving average price is $3.46. The company has a market capitalization of $448.28 million, a P/E ratio of -1.83 and a beta of 2.19. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a 52 week low of $2.29 and a 52 week high of $7.73.

Service Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.49%. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

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.