Goldman Sachs Group Inc. Has $18.55 Million Stock Position in Service Properties Trust (NASDAQ:SVC)

Goldman Sachs Group Inc. lowered its position in shares of Service Properties Trust (NASDAQ:SVC) by 7.0% during the fourth quarter, Holdings Channel reports. The fund owned 2,171,553 shares of the real estate investment trust’s stock after selling 163,642 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Service Properties Trust were worth $18,545,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Fortis Group Advisors LLC purchased a new position in Service Properties Trust during the 3rd quarter valued at about $47,000. MQS Management LLC acquired a new position in Service Properties Trust in the 3rd quarter valued at approximately $77,000. Metis Global Partners LLC purchased a new stake in Service Properties Trust in the 4th quarter worth approximately $96,000. First Trust Direct Indexing L.P. acquired a new stake in shares of Service Properties Trust during the 4th quarter valued at $102,000. Finally, Sherbrooke Park Advisers LLC grew its holdings in shares of Service Properties Trust by 70.3% during the 3rd quarter. Sherbrooke Park Advisers LLC now owns 18,845 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 7,782 shares in the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Down 2.0 %

Service Properties Trust stock opened at $4.89 on Thursday. The company has a market capitalization of $810.57 million, a P/E ratio of -5.82 and a beta of 2.18. Service Properties Trust has a 1-year low of $4.82 and a 1-year high of $9.39. The firm’s fifty day simple moving average is $5.58 and its 200-day simple moving average is $6.81. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 3.58.

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd were given a $0.20 dividend. The ex-dividend date was Friday, April 19th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 16.36%. Service Properties Trust’s dividend payout ratio is currently -95.24%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a report on Thursday, March 21st. B. Riley reduced their price target on Service Properties Trust from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, May 13th.

Service Properties Trust 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.