Service Properties Trust (SVC) to Release Quarterly Earnings on Tuesday

Service Properties Trust (NASDAQ:SVC) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Service Properties Trust to post earnings of $0.19 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Service Properties Trust Stock Up 1.2 %

Shares of SVC opened at $6.12 on Monday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -30.60 and a beta of 2.17. Service Properties Trust has a 52 week low of $5.90 and a 52 week high of $9.39. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.09 and a current ratio of 0.09. The business’s fifty day moving average price is $6.52 and its two-hundred day moving average price is $7.31.

Service Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.80 dividend on an annualized basis and a yield of 13.07%. Service Properties Trust’s payout ratio is -400.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SVC. Wells Fargo & Company reduced their target price on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a research note on Thursday, March 21st. B. Riley cut their price objective on shares of Service Properties Trust from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 4th.

About Service Properties Trust

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.