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

Service Properties Trust (NASDAQ:SVC) declared a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 20th. This represents a $0.04 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Monday, January 27th.

Service Properties Trust has a payout ratio of 5.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Service Properties Trust to earn $1.10 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 3.6%.

Service Properties Trust Trading Up 2.0 %

NASDAQ:SVC traded up $0.05 during mid-day trading on Friday, hitting $2.60. The company had a trading volume of 1,574,235 shares, compared to its average volume of 1,714,185. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. Service Properties Trust has a fifty-two week low of $2.29 and a fifty-two week high of $8.14. The firm has a market cap of $433.29 million, a P/E ratio of -1.77 and a beta of 2.19. The business’s fifty day moving average is $2.66 and its two-hundred day moving average is $3.97.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). The firm had revenue of $491.17 million during the quarter, compared to analyst estimates of $497.97 million. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. During the same quarter in the prior year, the business earned $0.56 earnings per share. As a group, research analysts expect that Service Properties Trust will post 1.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company decreased their price target on shares of Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating for the company in a report on Monday, December 9th.

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.