Service Properties Trust (NASDAQ:SVC) Posts Quarterly Earnings Results, Misses Estimates By $0.39 EPS

Service Properties Trust (NASDAQ:SVC) posted its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.39), FiscalAI reports. The company had revenue of $399.52 million for the quarter, compared to analysts’ expectations of $318.62 million. Service Properties Trust had a negative return on equity of 71.48% and a negative net margin of 29.31%.

Service Properties Trust Stock Performance

Service Properties Trust stock traded down $0.23 on Friday, reaching $5.28. 457,832 shares of the stock were exchanged, compared to its average volume of 1,643,308. The firm has a fifty day moving average price of $6.58 and a two-hundred day moving average price of $8.27. Service Properties Trust has a twelve month low of $5.30 and a twelve month high of $12.15. The stock has a market cap of $683.17 million, a PE ratio of -0.76 and a beta of 1.78. The company has a current ratio of 0.01, a quick ratio of 0.01 and a debt-to-equity ratio of 2.11.

Service Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, October 19th. Service Properties Trust’s dividend payout ratio is currently -2.60%.

Analysts Set New Price Targets

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