B. Riley Issues Pessimistic Forecast for SVC Earnings

Service Properties Trust (NASDAQ:SVC) – Equities researchers at B. Riley lowered their FY2024 earnings estimates for shares of Service Properties Trust in a report issued on Monday, November 11th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $1.13 for the year, down from their previous estimate of $1.21. B. Riley has a “Buy” rating and a $8.00 price target on the stock. The consensus estimate for Service Properties Trust’s current full-year earnings is $1.13 per share. B. Riley also issued estimates for Service Properties Trust’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.23 EPS, Q1 2026 earnings at $0.17 EPS, Q2 2026 earnings at $0.40 EPS and Q3 2026 earnings at $0.36 EPS.

Separately, Wells Fargo & Company decreased their price target on Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating on the stock in a research report on Friday, September 13th.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC opened at $2.90 on Wednesday. Service Properties Trust has a fifty-two week low of $2.87 and a fifty-two week high of $8.72. The company’s 50-day moving average is $4.17 and its 200 day moving average is $4.87. The company has a market capitalization of $483.28 million, a P/E ratio of -1.99 and a beta of 2.23. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). The company had revenue of $491.17 million during the quarter, compared to analysts’ expectations of $497.97 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. During the same period last year, the firm posted $0.56 earnings per share.

Institutional Trading of Service Properties Trust

Institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC raised its holdings in shares of Service Properties Trust by 7.2% during the third quarter. Penserra Capital Management LLC now owns 175,527 shares of the real estate investment trust’s stock valued at $800,000 after acquiring an additional 11,728 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Service Properties Trust by 10.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,294,874 shares of the real estate investment trust’s stock worth $28,705,000 after purchasing an additional 616,718 shares in the last quarter. Intech Investment Management LLC raised its holdings in Service Properties Trust by 17.3% in the third quarter. Intech Investment Management LLC now owns 67,969 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 10,000 shares in the last quarter. Metis Global Partners LLC raised its holdings in Service Properties Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 18,082 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 5,056 shares in the last quarter. Finally, MQS Management LLC increased its holdings in shares of Service Properties Trust by 34.0% during the third quarter. MQS Management LLC now owns 23,176 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 5,882 shares in the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Service Properties Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Monday, October 28th. Service Properties Trust’s dividend payout ratio (DPR) is presently -2.72%.

Service Properties Trust Company Profile

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.