Daiwa Securities Group Inc. Has $430,000 Holdings in Service Properties Trust (NASDAQ:SVC)

Daiwa Securities Group Inc. lessened its holdings in shares of Service Properties Trust (NASDAQ:SVC) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,402 shares of the real estate investment trust’s stock after selling 2,521 shares during the period. Daiwa Securities Group Inc.’s holdings in Service Properties Trust were worth $430,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of Service Properties Trust during the third quarter worth $25,000. FinTrust Capital Advisors LLC acquired a new position in Service Properties Trust in the third quarter valued at $28,000. Fortis Group Advisors LLC acquired a new position in Service Properties Trust in the third quarter valued at $47,000. Harvest Fund Management Co. Ltd lifted its holdings in Service Properties Trust by 490.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 7,813 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 6,489 shares during the period. Finally, MQS Management LLC acquired a new position in Service Properties Trust in the third quarter valued at $77,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Stock Performance

SVC opened at $6.23 on Friday. Service Properties Trust has a 1-year low of $5.92 and a 1-year high of $9.39. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 3.26. The company has a market cap of $1.03 billion, a P/E ratio of -31.13 and a beta of 2.18. The company has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $7.36.

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.85%. The ex-dividend date is Friday, April 19th. Service Properties Trust’s dividend payout ratio (DPR) is currently -400.00%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SVC shares. Wells Fargo & Company dropped their target price on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a report on Thursday, March 21st. B. Riley dropped their target price on shares of Service Properties Trust from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 4th.

Service Properties Trust Company Profile

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.