Rpo LLC Makes New Investment in Service Properties Trust (NASDAQ:SVC)

Rpo LLC acquired a new position in Service Properties Trust (NASDAQ:SVC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,014 shares of the real estate investment trust’s stock, valued at approximately $56,000.

Several other institutional investors have also recently modified their holdings of SVC. Nomura Asset Management Co. Ltd. raised its position in Service Properties Trust by 2.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 211,100 shares of the real estate investment trust’s stock worth $963,000 after purchasing an additional 5,400 shares during the period. Sei Investments Co. grew its stake in shares of Service Properties Trust by 12.7% during the fourth quarter. Sei Investments Co. now owns 72,589 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 8,157 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Service Properties Trust by 39.8% during the third quarter. Stifel Financial Corp now owns 33,222 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 9,463 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Service Properties Trust by 17.3% in the 3rd quarter. Intech Investment Management LLC now owns 67,969 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 10,000 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Service Properties Trust by 140.6% in the 4th quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 11,491 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised Service Properties Trust from an “underweight” rating to an “overweight” rating and lifted their price target for the stock from $2.50 to $4.00 in a research note on Wednesday, March 19th.

Service Properties Trust Trading Up 0.8 %

Shares of SVC opened at $2.63 on Thursday. The stock has a market capitalization of $438.26 million, a P/E ratio of -1.79 and a beta of 1.80. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $6.85. 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 fifty day simple moving average of $2.73 and a two-hundred day simple moving average of $3.09.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors 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 annualized dividend and a dividend yield of 1.52%. Service Properties Trust’s payout ratio is presently -2.40%.

Service Properties Trust Company 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.