Public Employees Retirement System of Ohio Buys New Shares in Service Properties Trust $SVC

Public Employees Retirement System of Ohio purchased a new stake in shares of Service Properties Trust (NASDAQ:SVCFree 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

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, July 20th. This is a positive change from Service Properties Trust’s previous quarterly dividend of $0.05. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.7%. Service Properties Trust’s dividend payout ratio (DPR) is -2.60%.

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

(Free Report)

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

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Institutional Ownership by Quarter for Service Properties Trust (NASDAQ:SVC)

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