Service Properties Trust (SVC) to Issue Quarterly Dividend of $0.01 on February 20th

Service Properties Trust (NASDAQ:SVC) declared a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Investors of record on Monday, January 27th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 20th. This represents a $0.04 annualized dividend and a yield of 1.46%. The ex-dividend date is Monday, January 27th.

Service Properties Trust has a payout ratio of 5.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Service Properties Trust to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.5%.

Service Properties Trust Stock Performance

NASDAQ:SVC opened at $2.74 on Friday. Service Properties Trust has a 52 week low of $2.29 and a 52 week high of $8.01. The company has a fifty day simple moving average of $2.62 and a two-hundred day simple moving average of $3.88. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.32. The company has a market cap of $456.62 million, a price-to-earnings ratio of -1.86 and a beta of 2.19.

Service Properties Trust (NASDAQ:SVC) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. The company had revenue of $491.17 million during the quarter, compared to analyst estimates of $497.97 million. During the same period in the prior year, the business earned $0.56 EPS.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their target price on shares of Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating on the stock in a research report on Monday, December 9th.

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.