Service Properties Trust $SVC Position Lowered by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd cut its position in shares of Service Properties Trust (NASDAQ:SVC) by 80.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,755 shares of the real estate investment trust’s stock after selling 107,023 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Service Properties Trust were worth $172,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farringdon Capital Ltd. purchased a new stake in Service Properties Trust in the second quarter worth $37,000. Abel Hall LLC raised its holdings in Service Properties Trust by 69.3% in the first quarter. Abel Hall LLC now owns 29,395 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 12,033 shares in the last quarter. AdvisorShares Investments LLC purchased a new position in Service Properties Trust during the first quarter valued at $44,000. Sequoia Financial Advisors LLC purchased a new position in Service Properties Trust during the second quarter valued at $66,000. Finally, Squarepoint Ops LLC purchased a new position in Service Properties Trust during the second quarter valued at $71,000. 77.62% of the stock is owned by hedge funds and other institutional investors.

Service Properties Trust Stock Performance

SVC opened at $6.15 on Friday. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11. The company has a market cap of $796.49 million, a price-to-earnings ratio of -0.80 and a beta of 1.72. The company’s 50 day moving average is $6.89 and its 200 day moving average is $7.69. Service Properties Trust has a 12-month low of $5.65 and a 12-month high of $12.15.

Service Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s dividend payout ratio (DPR) is currently -2.60%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Loop Capital set a $9.00 price objective on Service Properties Trust in a report on Friday, October 2nd. Zacks Research upgraded shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, LADENBURG THALM/SH SH started coverage on Service Properties Trust in a report on Tuesday, June 30th. They issued a “buy” rating and a $11.25 target price on the stock. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.05.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hospitality and service-oriented properties. The company’s portfolio has historically included hotels, extended-stay lodging properties and other real estate leased to businesses that provide essential or consumer-focused services.

Service Properties Trust generally leases its properties to hotel operators and other commercial tenants rather than managing most locations directly. Its hotel portfolio has included properties operated under a variety of well-known brands, while its service-focused properties have supported businesses such as healthcare, automotive and travel-related services.

The company’s properties are primarily located in the United States, with investments also having included select locations in Canada and Puerto Rico.