Service Properties Trust (NASDAQ:SVC) Releases Earnings Results

Service Properties Trust (NASDAQ:SVC) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.49, Zacks reports. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%.

Service Properties Trust Trading Up 0.4 %

Shares of SVC traded up $0.01 during mid-day trading on Wednesday, reaching $2.66. 1,727,902 shares of the company were exchanged, compared to its average volume of 1,592,490. The business has a 50 day simple moving average of $2.64 and a two-hundred day simple moving average of $3.42. Service Properties Trust has a 52 week low of $2.29 and a 52 week high of $7.73. The stock has a market capitalization of $443.28 million, a PE ratio of -1.81 and a beta of 2.19. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a $0.01 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.50%. Service Properties Trust’s payout ratio is -2.72%.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their price target on Service Properties Trust from $2.75 to $2.50 and set an “underweight” rating on the stock in a research note on Tuesday, February 18th.

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.