Service Properties Trust (NASDAQ:SVC) Posts Earnings Results, Beats Estimates By $0.63 EPS

Service Properties Trust (NASDAQ:SVC) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.63, Zacks reports. The firm had revenue of $399.52 million during the quarter, compared to analyst estimates of $318.62 million. Service Properties Trust had a negative return on equity of 65.18% and a negative net margin of 25.44%.

Service Properties Trust Stock Up 1.1%

SVC opened at $6.28 on Thursday. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.11. The stock has a market cap of $813.32 million, a PE ratio of 2.50 and a beta of 1.78. The business’s fifty day simple moving average is $6.62 and its 200 day simple moving average is $8.30. Service Properties Trust has a 52 week low of $5.65 and a 52 week high of $12.15.

Service Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be given a $0.05 dividend. The ex-dividend date is Monday, October 19th. This represents a $0.20 annualized dividend and a yield of 3.2%. Service Properties Trust’s payout ratio is -2.60%.

Wall Street Analyst Weigh In

SVC has been the subject of several analyst reports. Weiss Ratings downgraded shares of Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. Zacks Research raised Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Loop Capital set a $9.00 target price on Service Properties Trust in a research report on Friday, October 2nd. Three investment 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’s stock. According to data from MarketBeat.com, Service Properties Trust has an average rating of “Hold” and a consensus target price of $12.05.

About Service Properties Trust

Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hospitality and service-oriented properties. The company’s portfolio has historically included hotels, extended-stay lodging properties and other real estate leased to businesses that provide essential or consumer-focused services.

Service Properties Trust generally leases its properties to hotel operators and other commercial tenants rather than managing most locations directly. Its hotel portfolio has included properties operated under a variety of well-known brands, while its service-focused properties have supported businesses such as healthcare, automotive and travel-related services.

The company’s properties are primarily located in the United States, with investments also having included select locations in Canada and Puerto Rico.