Hospitality Properties Trust (SVC) to Issue Quarterly Dividend of $0.01 on November 19th

Hospitality Properties Trust (NASDAQ:SVC) announced a quarterly dividend on Thursday, October 15th, Zacks reports. Investors of record on Monday, October 26th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, November 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Friday, October 23rd.

SVC opened at $7.80 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.14 and a quick ratio of 0.14. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -27.86 and a beta of 2.04. The firm has a 50 day simple moving average of $8.25 and a 200 day simple moving average of $7.35. Hospitality Properties Trust has a fifty-two week low of $3.59 and a fifty-two week high of $26.28.

Hospitality Properties Trust (NASDAQ:SVC) last posted its quarterly earnings results on Friday, August 7th. The real estate investment trust reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.40. Hospitality Properties Trust had a negative net margin of 2.44% and a negative return on equity of 1.86%. As a group, analysts expect that Hospitality Properties Trust will post 2.06 EPS for the current year.

SVC has been the subject of a number of recent research reports. BidaskClub downgraded shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company decreased their price objective on shares of Hospitality Properties Trust from $13.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. ValuEngine cut shares of Hospitality Properties Trust from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, Zacks Investment Research cut shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 29th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Hospitality Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Hospitality Properties Trust Company Profile

Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, the District of Columbia, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.

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Dividend History for Hospitality Properties Trust (NASDAQ:SVC)

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