Dimensional Fund Advisors LP Lowers Position in Service Properties Trust $SVC

Dimensional Fund Advisors LP trimmed its position in shares of Service Properties Trust (NASDAQ:SVC) by 14.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,556,303 shares of the real estate investment trust’s stock after selling 261,656 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Service Properties Trust were worth $2,114,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lonestar Capital Management LLC acquired a new stake in Service Properties Trust in the third quarter valued at about $7,412,000. Goldman Sachs Group Inc. boosted its holdings in Service Properties Trust by 114.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,118,530 shares of the real estate investment trust’s stock valued at $10,749,000 after purchasing an additional 2,200,754 shares in the last quarter. Silver Point Capital L.P. increased its position in Service Properties Trust by 93.3% during the 4th quarter. Silver Point Capital L.P. now owns 3,439,000 shares of the real estate investment trust’s stock worth $6,328,000 after purchasing an additional 1,660,000 shares during the period. Philosophy Capital Management LLC acquired a new position in Service Properties Trust during the 3rd quarter worth approximately $3,838,000. Finally, Varde Management L.P. purchased a new position in shares of Service Properties Trust during the 3rd quarter worth approximately $3,695,000. 77.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. 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 target for the company. Odeon Capital Group assumed coverage on Service Properties Trust in a research report on Friday, May 8th. They issued a “buy” rating and a $17.50 price objective for the company. B. Riley Financial boosted their target price on shares of Service Properties Trust from $10.00 to $12.50 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Weiss Ratings upgraded shares of Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Finally, Zacks Research downgraded shares of Service Properties Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.81.

Service Properties Trust Stock Performance

NASDAQ:SVC opened at $8.17 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 capitalization of $1.06 billion, a P/E ratio of -1.06 and a beta of 1.67. The firm has a 50-day moving average price of $8.38 and a two-hundred day moving average price of $8.84. Service Properties Trust has a twelve month low of $5.65 and a twelve month high of $15.05.

Service Properties Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were issued a dividend of $0.05 per share. This is a boost from Service Properties Trust’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, July 20th. This represents a $0.20 dividend on an annualized basis and a yield of 2.4%. Service Properties Trust’s payout ratio is currently -2.60%.

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.