Service Properties Trust $SVC Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in Service Properties Trust (NASDAQ:SVC) by 16.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,965,472 shares of the real estate investment trust’s stock after acquiring an additional 420,785 shares during the period. Allianz Asset Management GmbH’s holdings in Service Properties Trust were worth $8,036,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in Service Properties Trust by 54.4% in the second quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 5,099 shares during the last quarter. Quadrature Capital Ltd lifted its holdings in shares of Service Properties Trust by 45.3% during the second quarter. Quadrature Capital Ltd now owns 17,911 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 5,588 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Service Properties Trust in the third quarter worth about $63,000. Metis Global Partners LLC raised its position in Service Properties Trust by 30.0% during the second quarter. Metis Global Partners LLC now owns 27,466 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 6,343 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Service Properties Trust in the first quarter worth approximately $77,000. Institutional investors own 77.62% of the company’s stock.

Service Properties Trust Stock Up 1.4%

NASDAQ:SVC opened at $2.23 on Tuesday. The company has a debt-to-equity ratio of 5.68, a quick ratio of 0.17 and a current ratio of 0.17. Service Properties Trust has a 52-week low of $1.55 and a 52-week high of $3.08. The company has a market cap of $374.84 million, a PE ratio of -1.34 and a beta of 1.46. The stock has a 50-day simple moving average of $1.96 and a 200 day simple moving average of $2.25.

Service Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, January 26th. Service Properties Trust’s payout ratio is presently -2.40%.

Analyst Upgrades and Downgrades

SVC has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Service Properties Trust from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Service Properties Trust in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Service Properties Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Service Properties Trust presently has an average rating of “Reduce” and an average target price of $2.50.

Service Properties Trust Company 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.