Service Properties Trust (NASDAQ:SVC – Free Report) – Equities analysts at B. Riley cut their third-quarter 2024 earnings per share (EPS) estimates for Service Properties Trust in a note to investors on Friday, August 9. B. Riley analyst B. Maher now forecasts that the real estate investment trust will report earnings per share of $0.40 for the quarter, below his previous forecast of $0.47. B. Riley has a Buy rating and an $8.00 price target on the stock. The consensus estimate for Service Properties Trust’s current full-year earnings is $1.37 per share. B. Riley also provided estimates for Service Properties Trust’s fourth quarter 2024 earnings of $0.23 per share, fiscal 2024 earnings of $1.21 per share, first quarter 2025 earnings of $0.15 per share, second quarter 2025 earnings of $0.49 per share, fourth quarter 2025 earnings of $0.26 per share, fiscal 2025 earnings of $1.35 per share, first quarter 2026 earnings of $0.18 per share, second quarter 2026 earnings of $0.53 per share, and fiscal 2026 earnings of $1.51 per share.

Service Properties Trust is down 2.5%

NASDAQ:SVC shares opened at $4.66 on Monday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 3.58. The company’s 50-day average price is $5.26 and its 200-day average price is $6.15. The company has a market cap of $772.44 million, a P/E ratio of -5.55 and a beta of 2.21. Service Properties Trust has a 52-week low of $4.56 and a 52-week high of $8.85.

Service Properties Trust (NASDAQ:SVC – Get Free Report) last released its quarterly earnings results on Tuesday, August 6. The real estate investment trust reported earnings per share (EPS) of ($0.45) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.94). The company had revenue of $512.95 million for the quarter, compared to analyst estimates of $509.33 million. Service Properties Trust had a negative net margin of 7.29% and a negative return on equity of 11.01%. During the same quarter last year, the company generated earnings per share of $0.58.

Service Properties Trust announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 22nd will receive a dividend of $0.20 per share. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 17.17%. The ex-dividend date of this dividend is Monday, July 22nd. Service Properties Trust’s dividend payout ratio is currently -95.24%.

Hedge funds comment on Service Properties Trust

Several large investors have recently bought and sold shares of SVC. FinTrust Capital Advisors LLC increased its position in shares of Service Properties Trust by 137.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust worth $40,000 after purchasing an additional 3,436 shares during the same period. Choreo LLC acquired a new position in Service Properties Trust in the second quarter valued at about $54,000. Sequoia Financial Advisors LLC acquired a new position in Service Properties Trust in the second quarter valued at about $68,000. NorthRock Partners LLC acquired a new position in shares of Service Properties Trust in the 1st quarter valued at about $75,000. Finally, Metis Global Partners LLC acquired a new position in shares of Service Properties Trust in the 4th quarter valued at about $96,000. Institutional investors and hedge funds own 77.62% of the company’s shares.

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 classes: hotels and net-lease service-oriented retail properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms in the United States, Puerto Rico and Canada, the majority of which are extended stay and select service properties.

Read more

Get daily news and reviews for Service Properties Trust – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Service Properties Trust and related companies with MarketBeat.com’s FREE daily email newsletter.