Service Properties Trust (NASDAQ:SVC – Get Rating) will be announcing its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Service Properties Trust (NASDAQ:SVC – Get Rating) last announced its earnings results on Thursday, February 24th. The real estate investment trust reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.67). Service Properties Trust had a negative net margin of 36.41% and a negative return on equity of 30.99%. During the same period in the previous year, the business earned ($0.14) EPS. On average, analysts expect Service Properties Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Service Properties Trust stock opened at $8.27 on Wednesday. Service Properties Trust has a 1 year low of $7.01 and a 1 year high of $15.39. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -2.50 and a beta of 2.23. The company’s fifty day simple moving average is $8.53. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 4.59.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC boosted its stake in Service Properties Trust by 119.3% in the 4th quarter. Penserra Capital Management LLC now owns 9,976 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 5,426 shares during the period. California State Teachers Retirement System boosted its stake in Service Properties Trust by 2.7% in the 4th quarter. California State Teachers Retirement System now owns 233,268 shares of the real estate investment trust’s stock worth $2,050,000 after purchasing an additional 6,092 shares during the period. Sei Investments Co. boosted its stake in Service Properties Trust by 15.8% in the 4th quarter. Sei Investments Co. now owns 55,562 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 7,577 shares during the period. Allianz Asset Management GmbH boosted its stake in Service Properties Trust by 14.0% in the 4th quarter. Allianz Asset Management GmbH now owns 78,732 shares of the real estate investment trust’s stock worth $692,000 after purchasing an additional 9,644 shares during the period. Finally, Royal Bank of Canada boosted its stake in Service Properties Trust by 66.2% in the 3rd quarter. Royal Bank of Canada now owns 30,604 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 12,195 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.
SVC has been the subject of several research reports. Zacks Investment Research downgraded Service Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 2nd. B. Riley cut their price target on Service Properties Trust from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, February 28th. Finally, Oppenheimer initiated coverage on Service Properties Trust in a research note on Thursday, April 21st. They set a “market perform” rating for the company.
Service Properties Trust Company Profile (Get Rating)
Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC's properties are primarily operated under long-term management or lease agreements.
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