Service Properties Trust (NASDAQ:SVC - Get Free Report) announced a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Shareholders of record on Monday, January 27th will be paid a dividend of 0.01 per share by the real estate investment trust on Thursday, February 20th. This represents a $0.04 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, January 27th.
Service Properties Trust has a dividend payout ratio of 5.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Service Properties Trust to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.6%.
Service Properties Trust Stock Performance
Shares of SVC traded up $0.05 during trading hours on Friday, hitting $2.60. The company had a trading volume of 1,574,235 shares, compared to its average volume of 1,714,185. The business has a fifty day moving average of $2.66 and a 200-day moving average of $3.97. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. The firm has a market cap of $433.29 million, a price-to-earnings ratio of -1.77 and a beta of 2.19. Service Properties Trust has a 12 month low of $2.29 and a 12 month high of $8.14.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.65). Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. The company had revenue of $491.17 million during the quarter, compared to analyst estimates of $497.97 million. During the same quarter last year, the company posted $0.56 EPS. Equities analysts anticipate that Service Properties Trust will post 1.13 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company dropped their price target on Service Properties Trust from $3.00 to $2.75 and set an "underweight" rating for the company in a report on Monday, December 9th.
Check Out Our Latest Stock Analysis on Service Properties Trust
Service Properties Trust Company Profile
(
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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.
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