Service Properties Trust (NASDAQ:SVC) Announces Quarterly Dividend of $0.01

Service Properties Trust (NASDAQ:SVC) announced a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Investors of record on Monday, January 27th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 20th. This represents a $0.04 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Monday, January 27th.

Service Properties Trust has a payout ratio of 5.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Service Properties Trust to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.5%.

Service Properties Trust Price Performance

NASDAQ:SVC opened at $2.74 on Friday. The firm has a market cap of $456.62 million, a price-to-earnings ratio of -1.86 and a beta of 2.19. Service Properties Trust has a 12-month low of $2.29 and a 12-month high of $8.01. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The company’s 50-day moving average is $2.62 and its two-hundred day moving average is $3.88.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. The business had revenue of $491.17 million during the quarter, compared to analyst estimates of $497.97 million. During the same period in the previous year, the business posted $0.56 earnings per share.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price objective on Service Properties Trust from $3.00 to $2.75 and set an “underweight” rating for the company in a report on Monday, December 9th.

About Service Properties Trust

Service Properties Trust (Nasdaq: SVC) is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.