Catalyst Funds Management Pty Ltd Has $120,000 Holdings in Service Properties Trust (NASDAQ:SVC)

Catalyst Funds Management Pty Ltd boosted its stake in shares of Service Properties Trust (NASDAQ:SVC) by 639.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,300 shares of the real estate investment trust’s stock after purchasing an additional 40,900 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Service Properties Trust were worth $120,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in Service Properties Trust by 20.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust’s stock valued at $19,188,000 after purchasing an additional 1,259,382 shares during the last quarter. Geode Capital Management LLC raised its stake in Service Properties Trust by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,509,823 shares of the real estate investment trust’s stock valued at $20,568,000 after purchasing an additional 151,234 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Service Properties Trust by 395.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,038,410 shares of the real estate investment trust’s stock valued at $4,735,000 after buying an additional 828,765 shares during the period. Whitebox Advisors LLC increased its holdings in Service Properties Trust by 4.9% in the 3rd quarter. Whitebox Advisors LLC now owns 640,602 shares of the real estate investment trust’s stock valued at $2,921,000 after buying an additional 30,000 shares during the period. Finally, Readystate Asset Management LP increased its holdings in Service Properties Trust by 32.2% in the 3rd quarter. Readystate Asset Management LP now owns 594,436 shares of the real estate investment trust’s stock valued at $2,711,000 after buying an additional 144,782 shares during the period. 77.62% of the stock is currently owned by institutional investors and hedge funds.

Service Properties Trust Stock Up 3.4 %

SVC opened at $2.46 on Monday. The firm’s 50-day simple moving average is $2.70 and its 200-day simple moving average is $3.26. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $6.85. The firm has a market cap of $409.93 million, a price-to-earnings ratio of -1.67 and a beta of 2.21.

Service Properties Trust Announces Dividend

The business also recently disclosed 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. This represents a $0.04 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, January 27th. Service Properties Trust’s dividend payout ratio is currently -2.40%.

Wall Street Analyst Weigh In

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

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.