Headlands Technologies LLC Takes $543,000 Position in Service Properties Trust $SVC

Headlands Technologies LLC acquired a new stake in Service Properties Trust (NASDAQ:SVC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 321,399 shares of the real estate investment trust’s stock, valued at approximately $543,000.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC raised its stake in shares of Service Properties Trust by 30.8% in the 1st quarter. AQR Capital Management LLC now owns 1,346,098 shares of the real estate investment trust’s stock valued at $3,446,000 after acquiring an additional 317,218 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Service Properties Trust by 114.8% during the first 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 during the last quarter. Strs Ohio acquired a new position in Service Properties Trust during the first quarter valued at approximately $77,000. Cetera Investment Advisers raised its position in shares of Service Properties Trust by 54.5% in the second quarter. Cetera Investment Advisers now owns 104,585 shares of the real estate investment trust’s stock valued at $250,000 after purchasing an additional 36,873 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Service Properties Trust by 15.1% in the second quarter. JPMorgan Chase & Co. now owns 955,257 shares of the real estate investment trust’s stock valued at $2,283,000 after purchasing an additional 125,256 shares during the period. 77.62% of the stock is owned by institutional investors.

Service Properties Trust Stock Performance

Shares of NASDAQ SVC opened at $7.66 on Thursday. Service Properties Trust has a 12 month low of $5.65 and a 12 month high of $15.05. The company has a market cap of $992.05 million, a P/E ratio of -0.99 and a beta of 1.66. The business’s 50 day moving average is $8.29 and its two-hundred day moving average is $8.58. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.11.

Service Properties Trust Increases Dividend

The business also recently announced 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. This represents a $0.20 dividend on an annualized basis and a yield of 2.6%. This is an increase from Service Properties Trust’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, July 20th. Service Properties Trust’s payout ratio is presently -2.60%.

Analysts Set New Price Targets

SVC has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded shares of Service Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. LADENBURG THALM/SH SH assumed coverage on shares of Service Properties Trust in a research report on Tuesday, June 30th. They set a “buy” rating and a $11.25 target price for the company. Finally, B. Riley Financial upped their price target on shares of Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a report on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Service Properties Trust presently has an average rating of “Hold” and an average price target of $12.81.

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.