Service Properties Trust Declares Quarterly Dividend of $0.01 (NASDAQ:SVC)

Posted by Denise Randall on Apr 10th, 2025

Service Properties Trust (NASDAQ:SVC – Get Free Report) announced a quarterly dividend on Thursday, April 10th, RTT News reports. Stockholders of record on Tuesday, April 22nd will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, May 15th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.09%.

Service Properties Trust has a dividend payout ratio of -3.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Service Properties Trust to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.5%.

Service Properties Trust Trading Down 9.5 %

NASDAQ SVC traded down $0.20 during trading hours on Thursday, hitting $1.91. 1,871,264 shares of the company’s stock were exchanged, compared to its average volume of 2,020,801. Service Properties Trust has a 12-month low of $1.71 and a 12-month high of $6.63. The business’s 50 day moving average is $2.61 and its 200-day moving average is $2.97. The firm has a market capitalization of $318.28 million, a P/E ratio of -1.30 and a beta of 1.80. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upgraded shares of Service Properties Trust from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $2.50 to $4.00 in a report on Wednesday, March 19th.

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About Service Properties Trust

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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.