Service Properties Trust $SVC Stock Holdings Lessened by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of Service Properties Trust (NASDAQ:SVC) by 80.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,755 shares of the real estate investment trust’s stock after selling 107,023 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Service Properties Trust were worth $172,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SVC. Farringdon Capital Ltd. bought a new stake in shares of Service Properties Trust in the second quarter worth about $37,000. Abel Hall LLC increased its holdings in Service Properties Trust by 69.3% during the 1st quarter. Abel Hall LLC now owns 29,395 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 12,033 shares during the period. AdvisorShares Investments LLC purchased a new position in Service Properties Trust during the 1st quarter valued at about $44,000. Sequoia Financial Advisors LLC purchased a new position in Service Properties Trust during the 2nd quarter valued at about $66,000. Finally, Squarepoint Ops LLC bought a new position in Service Properties Trust during the 2nd quarter valued at approximately $71,000. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

Service Properties Trust Trading Down 1.1%

Shares of SVC opened at $6.15 on Friday. The firm’s 50-day moving average price is $6.89 and its 200-day moving average price is $7.69. The firm has a market capitalization of $796.49 million, a price-to-earnings ratio of -0.80 and a beta of 1.72. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11. Service Properties Trust has a 1-year low of $5.65 and a 1-year high of $12.15.

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be paid 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 is presently -2.60%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SVC shares. LADENBURG THALM/SH SH assumed coverage on Service Properties Trust in a report on Tuesday, June 30th. They issued a “buy” rating and a $11.25 price objective for the company. Zacks Research raised Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Finally, Loop Capital set a $9.00 target price on Service Properties Trust in a report on Friday, October 2nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Service Properties Trust has an average rating of “Hold” and an average price target of $12.05.

Service Properties Trust 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.