Wall Street brokerages expect Service Properties Trust (NASDAQ:SVC – Get Rating) to announce $484.41 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Service Properties Trust’s earnings, with the lowest sales estimate coming in at $472.70 million and the highest estimate coming in at $496.12 million. Service Properties Trust posted sales of $375.94 million during the same quarter last year, which suggests a positive year over year growth rate of 28.9%. The firm is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Service Properties Trust will report full year sales of $1.77 billion for the current financial year. For the next year, analysts expect that the firm will report sales of $1.83 billion, with estimates ranging from $1.80 billion to $1.86 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Service Properties Trust.
Service Properties Trust (NASDAQ:SVC – Get Rating) last released its quarterly 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 return on equity of 28.63% and a negative net margin of 28.83%. During the same period last year, the company posted ($0.14) EPS.
Service Properties Trust stock opened at $5.85 on Friday. The stock has a market cap of $965.78 million, a PE ratio of -2.05 and a beta of 2.12. The stock has a 50-day moving average price of $8.00 and a 200 day moving average price of $8.72. Service Properties Trust has a 52 week low of $5.68 and a 52 week high of $15.39. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 4.98.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 19th. Shareholders of record on Monday, April 25th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, April 22nd. Service Properties Trust’s dividend payout ratio (DPR) is -1.40%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd lifted its stake in shares of Service Properties Trust by 350.6% in the 1st quarter. Point72 Hong Kong Ltd now owns 4,389 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 3,415 shares in the last quarter. Penserra Capital Management LLC lifted its position in Service Properties Trust by 68.8% during the 3rd quarter. Penserra Capital Management LLC now owns 4,550 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,855 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Service Properties Trust by 120.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,952 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 2,707 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Service Properties Trust during the 3rd quarter worth approximately $112,000. Finally, First Republic Investment Management Inc. acquired a new position in Service Properties Trust during the 4th quarter worth approximately $89,000. 79.60% of the stock is currently owned by institutional investors and hedge funds.
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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