Service Properties Trust (NASDAQ:SVC – Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.39), FiscalAI reports. The firm had revenue of $399.52 million for the quarter, compared to the consensus estimate of $318.62 million. Service Properties Trust had a negative net margin of 25.44% and a negative return on equity of 65.18%.
Service Properties Trust Trading Up 1.1%
SVC stock traded up $0.07 during midday trading on Wednesday, reaching $6.28. 2,148,592 shares of the company traded hands, compared to its average volume of 1,645,265. Service Properties Trust has a 52-week low of $5.65 and a 52-week high of $12.15. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.01 and a current ratio of 0.01. The business has a 50 day moving average of $6.66 and a 200-day moving average of $8.32. The firm has a market capitalization of $813.32 million, a price-to-earnings ratio of -0.82 and a beta of 1.78.
Service Properties Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s payout ratio is presently -2.60%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on SVC shares. Weiss Ratings cut shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Loop Capital set a $9.00 price target on shares of Service Properties Trust in a research note on Friday, October 2nd. Finally, Zacks Research upgraded shares of Service Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Service Properties Trust has a consensus rating of “Hold” and an average price target of $12.05.
Get Our Latest Report on Service Properties Trust
Service Properties Trust Company Profile
Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hospitality and service-oriented properties. The company’s portfolio has historically included hotels, extended-stay lodging properties and other real estate leased to businesses that provide essential or consumer-focused services.
Service Properties Trust generally leases its properties to hotel operators and other commercial tenants rather than managing most locations directly. Its hotel portfolio has included properties operated under a variety of well-known brands, while its service-focused properties have supported businesses such as healthcare, automotive and travel-related services.
The company’s properties are primarily located in the United States, with investments also having included select locations in Canada and Puerto Rico.
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