Boxwood Ventures Inc. Has $216,000 Position in Service Properties Trust (NASDAQ:SVC)

Boxwood Ventures Inc. lessened its position in Service Properties Trust (NASDAQ:SVCGet Rating) by 56.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,459 shares of the real estate investment trust’s stock after selling 32,124 shares during the period. Service Properties Trust accounts for about 0.5% of Boxwood Ventures Inc.’s portfolio, making the stock its 23rd biggest holding. Boxwood Ventures Inc.’s holdings in Service Properties Trust were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SVC. Van ECK Associates Corp increased its holdings in Service Properties Trust by 66.9% in the 4th quarter. Van ECK Associates Corp now owns 12,774 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 5,121 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Service Properties Trust in the 4th quarter worth about $480,000. Yousif Capital Management LLC bought a new stake in shares of Service Properties Trust in the 4th quarter valued at about $1,253,000. Dupont Capital Management Corp grew its position in shares of Service Properties Trust by 19.3% in the 4th quarter. Dupont Capital Management Corp now owns 20,389 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 3,302 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Service Properties Trust in the 4th quarter valued at about $1,159,000. Institutional investors and hedge funds own 79.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SVC. Wells Fargo & Company reduced their price target on Service Properties Trust from $8.50 to $6.25 and set an “underweight” rating on the stock in a research report on Tuesday, May 24th. B. Riley reduced their price target on Service Properties Trust from $13.00 to $11.00 in a research report on Monday, May 9th. Finally, Oppenheimer began coverage on Service Properties Trust in a research report on Thursday, April 21st. They issued a “market perform” rating on the stock.

Service Properties Trust Trading Up 9.7 %

Shares of Service Properties Trust stock traded up $0.65 on Friday, hitting $7.37. 1,616,865 shares of the company’s stock traded hands, compared to its average volume of 1,111,944. Service Properties Trust has a one year low of $4.65 and a one year high of $12.23. The company has a debt-to-equity ratio of 4.98, a current ratio of 2.23 and a quick ratio of 2.23. The company has a fifty day moving average of $6.02 and a two-hundred day moving average of $7.38. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of -2.59 and a beta of 2.16.

Service Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, July 25th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, July 22nd. This represents a $0.04 annualized dividend and a dividend yield of 0.54%. Service Properties Trust’s payout ratio is -1.40%.

Service Properties Trust Profile

(Get Rating)

Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC's properties are primarily operated under long-term management or lease agreements.

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Institutional Ownership by Quarter for Service Properties Trust (NASDAQ:SVC)

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