Y Intercept Hong Kong Ltd Increases Stock Position in Service Properties Trust (NASDAQ:SVC)

Y Intercept Hong Kong Ltd increased its position in Service Properties Trust (NASDAQ:SVC) by 3,721.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 591,225 shares of the real estate investment trust’s stock after purchasing an additional 575,754 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.35% of Service Properties Trust worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wolverine Asset Management LLC boosted its stake in shares of Service Properties Trust by 300.5% in the fourth quarter. Wolverine Asset Management LLC now owns 174,903 shares of the real estate investment trust’s stock valued at $444,000 after purchasing an additional 131,237 shares during the period. Empowered Funds LLC bought a new position in Service Properties Trust during the 4th quarter valued at $96,000. EMC Capital Management boosted its stake in Service Properties Trust by 1,031.3% during the 4th quarter. EMC Capital Management now owns 24,459 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 22,297 shares during the last quarter. KBC Group NV boosted its stake in Service Properties Trust by 140.6% during the 4th quarter. KBC Group NV now owns 19,666 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 11,491 shares during the last quarter. Finally, PFG Investments LLC bought a new position in Service Properties Trust during the 4th quarter valued at $115,000. 77.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their price objective on shares of Service Properties Trust from $2.75 to $2.50 and set an “underweight” rating on the stock in a research note on Tuesday, February 18th.

Service Properties Trust Trading Down 0.7 %

NASDAQ SVC opened at $2.65 on Wednesday. Service Properties Trust has a 12 month low of $2.29 and a 12 month high of $7.73. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.03 and a quick ratio of 0.03. The company has a market capitalization of $441.62 million, a price-to-earnings ratio of -1.80 and a beta of 2.19. The company’s fifty day moving average price is $2.64 and its two-hundred day moving average price is $3.42.

Service Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.51%. Service Properties Trust’s dividend payout ratio (DPR) is -2.72%.

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.