Service Properties Trust (NASDAQ:SVC – Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $5.59 and last traded at $5.6350, with a volume of 939,765 shares trading hands. The stock had previously closed at $6.28.
The real estate investment trust reported ($0.68) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.39). The company had revenue of $399.52 million during the quarter, compared to the consensus estimate of $318.62 million. Service Properties Trust had a negative return on equity of 65.18% and a negative net margin of 25.44%.
Service Properties Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, October 19th. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.60%.
Analyst Upgrades and Downgrades
SVC has been the topic of a number of recent research reports. Weiss Ratings downgraded Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. Wall Street Zen upgraded Service Properties Trust from a “sell” rating to a “hold” rating in a report on Saturday. Loop Capital set a $9.00 price objective 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 report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.05.
Read Our Latest Stock Analysis on Service Properties Trust
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in SVC. Vise Technologies Inc. purchased a new stake in shares of Service Properties Trust during the 3rd quarter worth $74,000. Farringdon Capital Ltd. purchased a new stake in shares of Service Properties Trust during the second quarter valued at about $37,000. Abel Hall LLC lifted its position in shares of Service Properties Trust by 69.3% during the first quarter. Abel Hall LLC now owns 29,395 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 12,033 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Service Properties Trust in the 2nd quarter valued at about $66,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Service Properties Trust in the 2nd quarter valued at about $71,000. 77.62% of the stock is currently owned by hedge funds and other institutional investors.
Service Properties Trust Stock Down 5.5%
The business’s fifty day moving average price is $6.53 and its two-hundred day moving average price is $8.25. 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 firm has a market capitalization of $673.45 million, a P/E ratio of -0.74 and a beta of 1.78.
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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