Public Employees Retirement System of Ohio purchased a new stake in shares of Service Properties Trust (NASDAQ:SVC – Free Report) during the second quarter, Holdings Channel reports. The fund purchased 682,291 shares of the real estate investment trust’s stock, valued at approximately $1,153,000.
A number of other large investors have also recently bought and sold shares of SVC. Caxton Associates LLP acquired a new position in shares of Service Properties Trust in the 3rd quarter valued at about $33,000. BNP Paribas Financial Markets boosted its holdings in shares of Service Properties Trust by 54.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 5,099 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Service Properties Trust during the 3rd quarter worth approximately $45,000. Abel Hall LLC acquired a new stake in shares of Service Properties Trust during the 4th quarter worth approximately $32,000. Finally, Farringdon Capital Ltd. acquired a new stake in shares of Service Properties Trust during the 2nd quarter worth approximately $37,000. 77.62% of the stock is currently owned by institutional investors and hedge funds.
Service Properties Trust Trading Down 3.0%
NASDAQ:SVC opened at $7.38 on Wednesday. Service Properties Trust has a 52 week low of $5.65 and a 52 week high of $15.05. The firm has a 50-day moving average price of $8.21 and a two-hundred day moving average price of $8.48. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.01 and a current ratio of 0.01. The firm has a market cap of $955.78 million, a price-to-earnings ratio of -0.96 and a beta of 1.66.
Service Properties Trust Increases Dividend
Analyst Upgrades and Downgrades
SVC has been the topic of a number of research reports. Weiss Ratings upgraded shares of Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 29th. B. Riley Financial raised their target price on Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, June 17th. LADENBURG THALM/SH SH assumed coverage on Service Properties Trust in a research note on Tuesday, June 30th. They set a “buy” rating and a $11.25 price target on the stock. Finally, Zacks Research upgraded Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.81.
View Our Latest Report on Service Properties Trust
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.
Further Reading
- Five stocks we like better than Service Properties Trust
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding SVC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Service Properties Trust (NASDAQ:SVC – Free Report).
Receive News & Ratings for Service Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Service Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.
