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

Service Properties Trust (NASDAQ:SVC) announced its quarterly earnings results on Wednesday. The real estate investment trust reported ($0.68) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.39), FiscalAI reports. Service Properties Trust had a negative net margin of 25.44% and a negative return on equity of 65.18%. The firm had revenue of $399.52 million for the quarter, compared to the consensus estimate of $318.62 million.

Service Properties Trust Stock Performance

Shares of SVC traded up $0.07 during mid-day trading on Wednesday, hitting $6.28. 2,148,592 shares of the company traded hands, compared to its average volume of 1,645,265. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.01 and a current ratio of 0.01. The stock has a 50-day moving average price of $6.66 and a two-hundred day moving average price of $8.32. Service Properties Trust has a 1 year low of $5.65 and a 1 year high of $12.15. The stock has a market cap of $813.32 million, a price-to-earnings ratio of -0.82 and a beta of 1.78.

Service Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be paid a $0.05 dividend. The ex-dividend date is Monday, October 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.2%. Service Properties Trust’s payout ratio is currently -2.60%.

Analyst Upgrades and Downgrades

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