Service Properties Trust (NASDAQ:SVC) Releases Quarterly Earnings Results, Beats Expectations By $0.63 EPS

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

Service Properties Trust Price Performance

Shares of NASDAQ SVC opened at $6.12 on Thursday. Service Properties Trust has a 1-year low of $5.65 and a 1-year high of $12.15. The business has a 50-day moving average of $6.62 and a 200-day moving average of $8.30. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.01 and a quick ratio of 0.01. The company has a market capitalization of $792.72 million, a price-to-earnings ratio of -0.80 and a beta of 1.78.

Service Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, October 19th. Service Properties Trust’s payout ratio is currently -2.60%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Zacks Research raised Service Properties Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th. Loop Capital set a $9.00 target price on Service Properties Trust in a research report on Friday, October 2nd. Finally, Weiss Ratings cut Service Properties Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, October 8th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.