Q1 2023 EPS Estimates for Service Properties Trust Boosted by Analyst (NASDAQ:SVC)

Service Properties Trust (NASDAQ:SVC – Get Rating) – Research analysts at B. Riley upped their Q1 2023 earnings per share (EPS) estimates for Service Properties Trust in a report issued on Friday, March 3rd. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $0.26 per share for the quarter, up from their prior forecast of $0.24. The consensus estimate for Service Properties Trust’s current full-year earnings is $1.84 per share. B. Riley also issued estimates for Service Properties Trust’s Q2 2023 earnings at $0.57 EPS, Q3 2023 earnings at $0.63 EPS, FY2023 earnings at $1.92 EPS, Q1 2024 earnings at $0.38 EPS, Q2 2024 earnings at $0.67 EPS, Q3 2024 earnings at $0.70 EPS, Q4 2024 earnings at $0.50 EPS and FY2024 earnings at $2.25 EPS.

Separately, Wells Fargo & Company upped their price objective on Service Properties Trust from $6.75 to $7.50 and gave the stock an “underweight” rating in a report on Thursday, February 2nd.

Service Properties Trust Price Performance

NASDAQ SVC opened at $11.28 on Monday. The stock has a 50-day simple moving average of $8.73 and a 200 day simple moving average of $7.67. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.18 and a current ratio of 0.10. The stock has a market capitalization of $1.87 billion, a PE ratio of -14.10 and a beta of 2.26. Service Properties Trust has a twelve month low of $4.65 and a twelve month high of $11.33.

Service Properties Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, January 23rd were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 20th. This represents a $0.80 annualized dividend and a dividend yield of 7.09%. Service Properties Trust’s dividend payout ratio (DPR) is presently -100.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EMC Capital Management increased its stake in shares of Service Properties Trust by 16.8% during the fourth quarter. EMC Capital Management now owns 8,261 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,191 shares during the period. Captrust Financial Advisors grew its holdings in Service Properties Trust by 8.1% in the 4th quarter. Captrust Financial Advisors now owns 16,277 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 1,222 shares during the period. Daiwa Securities Group Inc. grew its holdings in Service Properties Trust by 3.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 47,549 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 1,531 shares during the period. Advisor Group Holdings Inc. lifted its stake in shares of Service Properties Trust by 4.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 36,137 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 1,533 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Service Properties Trust by 0.8% during the 4th quarter. State of Alaska Department of Revenue now owns 197,836 shares of the real estate investment trust’s stock worth $1,440,000 after acquiring an additional 1,606 shares in the last quarter. Hedge funds and other institutional investors own 78.28% of the company’s stock.

Service Properties Trust Company Profile

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Service Properties Trust is a real estate investment trust, which engages in the provision of hospitality and travel services. It operates through the following Hotel Investments and Net Lease Investments segments. The firm owns hotels and travel centers located throughout the U.S., Ontario, Canada, and Puerto Rico.