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

Service Properties Trust (NASDAQ:SVC) is scheduled to post its quarterly earnings data 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 %

NASDAQ SVC opened at $6.12 on Monday. The stock has a market cap of $1.01 billion, a PE ratio of -30.60 and a beta of 2.17. The business has a 50 day moving average price of $6.52 and a two-hundred day moving average price of $7.31. Service Properties Trust has a fifty-two week low of $5.90 and a fifty-two week high of $9.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 3.26.

Service Properties Trust Announces Dividend

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

Analysts Set New Price Targets

SVC has been the topic of several analyst reports. Wells Fargo & Company dropped their price objective on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a report on Thursday, March 21st. B. Riley cut their price target on Service Properties Trust from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, March 4th.

Service Properties Trust Company Profile

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.