Service Properties Trust (NASDAQ:SVC) Releases Earnings Results, Beats Estimates By $0.49 EPS

Service Properties Trust (NASDAQ:SVCGet Free Report) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.32) by $0.49, Zacks reports. Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%.

Service Properties Trust Stock Up 0.4 %

Shares of SVC traded up $0.01 during mid-day trading on Wednesday, hitting $2.66. 1,727,904 shares of the company traded hands, compared to its average volume of 1,592,492. The business has a 50 day moving average of $2.64 and a 200 day moving average of $3.42. The company has a market capitalization of $443.28 million, a PE ratio of -1.81 and a beta of 2.19. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a 1-year low of $2.29 and a 1-year high of $7.73.

Service Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Monday, January 27th. Service Properties Trust’s dividend payout ratio (DPR) is -2.72%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reduced their price target on shares of Service Properties Trust from $2.75 to $2.50 and set an “underweight” rating for the company in a research report on Tuesday, February 18th.

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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.

See Also

Earnings History for Service Properties Trust (NASDAQ:SVC)

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