Capital Management Corp VA Trims Holdings in Service Properties Trust $SVC

Capital Management Corp VA reduced its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,964,405 shares of the real estate investment trust’s stock after selling 261,360 shares during the period. Service Properties Trust makes up 3.0% of Capital Management Corp VA’s investment portfolio, making the stock its 12th largest holding. Capital Management Corp VA owned about 4.17% of Service Properties Trust worth $18,874,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Service Properties Trust by 54.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 5,099 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Service Properties Trust by 2.1% during the second quarter. Public Employees Retirement System of Ohio now owns 261,809 shares of the real estate investment trust’s stock worth $626,000 after purchasing an additional 5,457 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of Service Properties Trust by 45.3% during the second quarter. Quadrature Capital Ltd now owns 17,911 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 5,588 shares during the period. Metis Global Partners LLC grew its position in Service Properties Trust by 30.0% in the 2nd quarter. Metis Global Partners LLC now owns 27,466 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 6,343 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in Service Properties Trust by 40.2% in the 2nd quarter. Cerity Partners LLC now owns 29,838 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 8,554 shares during the period. 77.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SVC has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Service Properties Trust from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 22nd. Zacks Research raised Service Properties Trust from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Service Properties Trust in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.50.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC opened at $1.99 on Friday. The firm has a market capitalization of $334.50 million, a price-to-earnings ratio of -1.19 and a beta of 1.47. The company has a debt-to-equity ratio of 5.68, a current ratio of 0.17 and a quick ratio of 0.17. The business’s 50 day simple moving average is $1.91 and its 200-day simple moving average is $2.29. Service Properties Trust has a 12 month low of $1.55 and a 12 month high of $3.08.

Service Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Monday, January 26th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, January 26th. Service Properties Trust’s payout ratio is -2.40%.

Service Properties Trust Profile

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.

Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.