Service Properties Trust (SVC) Set to Announce Quarterly Earnings on Tuesday

Service Properties Trust (NASDAQ:SVC) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Service Properties Trust Stock Performance

NASDAQ:SVC opened at $6.29 on Tuesday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -31.45 and a beta of 2.18. Service Properties Trust has a 1 year low of $5.92 and a 1 year high of $9.39. The stock’s 50 day simple moving average is $6.64 and its two-hundred day simple moving average is $7.35. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.09 and a quick ratio of 0.09.

Service Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.72%. The ex-dividend date is Friday, April 19th. Service Properties Trust’s dividend payout ratio is presently -400.00%.

Analyst Upgrades and Downgrades

Several research firms have commented on SVC. B. Riley lowered their price objective on shares of Service Properties Trust from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Wells Fargo & Company lowered their price target on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a report on Thursday, March 21st.

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.