Service Properties Trust (NASDAQ:SVC) Expected to Announce Earnings of $0.19 Per Share

Analysts forecast that Service Properties Trust (NASDAQ:SVCGet Rating) will announce earnings per share of $0.19 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Service Properties Trust’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.17. Service Properties Trust posted earnings of ($0.26) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 173.1%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Service Properties Trust will report full year earnings of $1.31 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.36. For the next fiscal year, analysts anticipate that the company will post earnings of $1.72 per share, with EPS estimates ranging from $1.62 to $1.82. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Service Properties Trust.

Service Properties Trust (NASDAQ:SVCGet Rating) last issued its earnings results on Thursday, February 24th. The real estate investment trust reported ($1.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business posted ($0.14) earnings per share.

SVC has been the topic of a number of recent research reports. B. Riley cut their price target on shares of Service Properties Trust from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, February 28th. Zacks Investment Research lowered shares of Service Properties Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 2nd. Finally, Oppenheimer initiated coverage on shares of Service Properties Trust in a report on Thursday, April 21st. They set a “market perform” rating on the stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC increased its stake in Service Properties Trust by 68.8% in the third quarter. Penserra Capital Management LLC now owns 4,550 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,855 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Service Properties Trust by 120.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,952 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 2,707 shares in the last quarter. Van ECK Associates Corp increased its stake in Service Properties Trust by 15.6% in the third quarter. Van ECK Associates Corp now owns 7,653 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 1,034 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in Service Properties Trust in the fourth quarter valued at $89,000. Finally, TownSquare Capital LLC bought a new stake in Service Properties Trust in the first quarter valued at $99,000. 77.63% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:SVC traded down $0.32 during mid-day trading on Friday, reaching $8.12. 1,421,458 shares of the company’s stock were exchanged, compared to its average volume of 1,122,345. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -2.45 and a beta of 2.23. The business’s fifty day moving average price is $8.48 and its 200-day moving average price is $9.20. The company has a debt-to-equity ratio of 4.59, a quick ratio of 2.08 and a current ratio of 2.08. Service Properties Trust has a twelve month low of $7.01 and a twelve month high of $15.39.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 19th. Investors of record on Monday, April 25th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, April 22nd. Service Properties Trust’s dividend payout ratio is presently -1.21%.

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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Earnings History and Estimates for Service Properties Trust (NASDAQ:SVC)

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