Service Properties Trust (NASDAQ:SVC – Get Free Report) declared a quarterly dividend on Thursday, October 8th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.05 per share by the real estate investment trust on Thursday, November 12th. This represents a $0.20 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, October 19th.
Service Properties Trust has decreased its dividend payment by an average of 0.4%per year over the last three years. Service Properties Trust has a payout ratio of -17.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Service Properties Trust to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.6%.
Service Properties Trust Stock Performance
SVC stock traded down $0.16 during trading on Thursday, reaching $6.22. 1,649,623 shares of the company’s stock were exchanged, compared to its average volume of 1,539,849. Service Properties Trust has a 1-year low of $5.65 and a 1-year high of $12.50. The firm has a market cap of $805.55 million, a PE ratio of -0.81 and a beta of 1.72. The company’s fifty day moving average price is $7.37 and its 200-day moving average price is $7.84. The company has a quick ratio of 0.01, a current ratio of 0.01 and a debt-to-equity ratio of 2.11.
About Service Properties Trust
Service Properties Trust (NASDAQ:SVC) is a real estate investment trust that owns and invests in hotels and service-oriented commercial properties. The company generally leases its properties to operating companies under long-term agreements, generating rental income from a diversified portfolio.
Service Properties Trust’s hotel portfolio includes properties operated under well-known brands and independent names, while its service-focused properties serve businesses such as travel centers, healthcare providers and other essential-service operators.
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