Service Properties Trust (NASDAQ:SVC) Issues Earnings Results

Service Properties Trust (NASDAQ:SVC) issued its quarterly earnings data on Tuesday. The real estate investment trust reported ($0.45) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.94), Zacks reports. Service Properties Trust had a negative return on equity of 11.01% and a negative net margin of 7.29%. The company had revenue of $512.95 million for the quarter, compared to analysts’ expectations of $509.33 million. During the same quarter in the prior year, the firm posted $0.58 EPS.

Service Properties Trust Stock Performance

Service Properties Trust stock traded down $0.12 during mid-day trading on Friday, reaching $4.66. 1,437,122 shares of the company were exchanged, compared to its average volume of 1,080,621. The firm’s 50-day simple moving average is $5.27 and its two-hundred day simple moving average is $6.18. Service Properties Trust has a twelve month low of $4.56 and a twelve month high of $8.85. The firm has a market cap of $772.44 million, a PE ratio of -5.49 and a beta of 2.21. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.04 and a current ratio of 0.04.

Service Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 17.17%. Service Properties Trust’s dividend payout ratio is presently -95.24%.

Analyst Upgrades and Downgrades

Separately, B. Riley reduced their price target on shares of Service Properties Trust from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday.

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.