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

Posted by Bonnie Powley on May 5th, 2024

Service Properties Trust (NASDAQ:SVC – Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Service Properties Trust Price Performance

SVC opened at $6.12 on Friday. The firm has a market capitalization of $1.01 billion, a P/E ratio of -30.60 and a beta of 2.17. The stock has a fifty day moving average of $6.52 and a 200-day moving average of $7.31. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 3.26. Service Properties Trust has a 12-month low of $5.90 and a 12-month high of $9.39.

Service Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 13.07%. The ex-dividend date of this dividend is Friday, April 19th. Service Properties Trust’s payout ratio is -400.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SVC shares. B. Riley lowered their target price on Service Properties Trust from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Wells Fargo & Company decreased their price target on shares of Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating for the company in a report on Thursday, March 21st.

Check Out Our Latest Stock Analysis on SVC

About Service Properties Trust

(Get Free Report)

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.