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

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

Service Properties Trust Stock Up 1.2 %

SVC opened at $6.12 on Friday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -30.60 and a beta of 2.17. Service Properties Trust has a one year low of $5.90 and a one year high of $9.39. The business’s fifty day moving average is $6.52 and its two-hundred day moving average is $7.31.

Service Properties Trust Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.80 annualized dividend and a dividend yield of 13.07%. Service Properties Trust’s dividend payout ratio is presently -400.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SVC. B. Riley cut their price target on Service Properties Trust from $12.00 to $10.00 and set a “buy” rating for the company in a report on Monday, March 4th. Wells Fargo & Company reduced their target price on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock 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.