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

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

Service Properties Trust has a payout ratio of 5.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Service Properties Trust stock traded up $0.05 during trading hours on Friday, reaching $2.60. 1,574,235 shares of the stock were exchanged, compared to its average volume of 1,714,185. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a twelve month low of $2.29 and a twelve month high of $8.14. The company has a market cap of $433.29 million, a P/E ratio of -1.77 and a beta of 2.19. The stock has a 50 day moving average of $2.66 and a two-hundred day moving average of $3.97.

Service Properties Trust (NASDAQ:SVC) last issued 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 for the quarter, compared to the consensus estimate of $497.97 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. During the same period last year, the company posted $0.56 EPS. Equities analysts expect that Service Properties Trust will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.