Service Properties Trust (NASDAQ:SVC) Shareholders to Get $0.05 Quarterly Dividend

Service Properties Trust (NASDAQ:SVC) declared a quarterly dividend on Thursday, October 8th. Shareholders of record on Monday, October 19th will be given a dividend of $0.05 per share by the real estate investment trust on Thursday, November 12th. This represents a $0.20 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, October 19th.

Service Properties Trust has decreased its dividend payment by an average of 0.4%per year over the last three years. Service Properties Trust has a payout ratio of -17.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Service Properties Trust to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.6%.

Service Properties Trust Price Performance

Shares of NASDAQ:SVC opened at $6.22 on Friday. Service Properties Trust has a fifty-two week low of $5.65 and a fifty-two week high of $12.50. The business has a 50-day moving average of $7.33 and a two-hundred day moving average of $7.83. The stock has a market capitalization of $805.55 million, a P/E ratio of -0.81 and a beta of 1.72. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.01 and a quick ratio of 0.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SVC shares. Zacks Research raised Service Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 12th. B. Riley Financial lifted their price target on shares of Service Properties Trust from $10.00 to $12.50 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Loop Capital set a $9.00 price objective on shares of Service Properties Trust in a report on Friday, October 2nd. LADENBURG THALM/SH SH started coverage on shares of Service Properties Trust in a research note on Tuesday, June 30th. They issued a “buy” rating and a $11.25 target price on the stock. Finally, Weiss Ratings upgraded shares of Service Properties Trust from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.05.

Service Properties Trust Company Profile

Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hotels and service-oriented commercial properties. The company generally leases its properties to operating companies under long-term agreements, generating rental income from a diversified portfolio.

Service Properties Trust’s hotel portfolio includes properties operated under well-known brands and independent names, while its service-focused properties serve businesses such as travel centers, healthcare providers and other essential-service operators.