2 weeks Ago By ABMN Staff
Service Properties Trust ( NASDAQ:SVC – Free Report ) – Analysts at B. Riley lowered their FY2024 EPS estimates for shares of Service Properties Trust in a research report issued to clients and investors on Monday, November 11th. B.
Riley analyst B. Maher now forecasts that the real estate investment trust will post earnings of $1.13 per share for the year, down from their prior estimate of $1.
21. B. Riley currently has a “Buy” rating and a $8.
00 price target on the stock. The consensus estimate for Service Properties Trust’s current full-year earnings is $1.13 per share.
B. Riley also issued estimates for Service Properties Trust’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.
38 EPS, Q4 2025 earnings at $0.23 EPS, Q1 2026 earnings at $0.17 EPS, Q2 2026 earnings at $0.
40 EPS and Q3 2026 earnings at $0.36 EPS. Service Properties Trust ( NASDAQ:SVC – Get Free Report ) last posted its quarterly earnings results on Wednesday, November 6th.
The real estate investment trust reported ($0.28) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $491.17 million for the quarter, compared to the consensus estimate of $497.
97 million. During the same quarter in the previous year, the company posted $0.56 EPS.
Check Out Our Latest Stock Report on SVC Service Properties Trust Price Performance Shares of NASDAQ:SVC opened at $2.79 on Wednesday. The firm has a market capitalization of $464.
95 million, a PE ratio of -1.98 and a beta of 2.23.
The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 4.
32. The company has a 50-day moving average price of $4.13 and a two-hundred day moving average price of $4.
86. Service Properties Trust has a twelve month low of $2.77 and a twelve month high of $8.
72. Hedge Funds Weigh In On Service Properties Trust Large investors have recently added to or reduced their stakes in the business. Capital Management Corp VA boosted its stake in shares of Service Properties Trust by 9.
6% during the third quarter. Capital Management Corp VA now owns 5,174,563 shares of the real estate investment trust’s stock valued at $23,596,000 after purchasing an additional 453,944 shares during the period. Texas Permanent School Fund Corp increased its position in shares of Service Properties Trust by 1.
7% in the first quarter. Texas Permanent School Fund Corp now owns 145,080 shares of the real estate investment trust’s stock valued at $984,000 after acquiring an additional 2,476 shares during the period. Price T Rowe Associates Inc.
MD raised its stake in shares of Service Properties Trust by 6.3% during the first quarter. Price T Rowe Associates Inc.
MD now owns 100,570 shares of the real estate investment trust’s stock valued at $682,000 after acquiring an additional 5,948 shares during the last quarter. Whitebox Advisors LLC boosted its holdings in shares of Service Properties Trust by 167.7% during the second quarter.
Whitebox Advisors LLC now owns 610,602 shares of the real estate investment trust’s stock worth $3,138,000 after purchasing an additional 382,502 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Service Properties Trust in the second quarter worth about $68,000. Hedge funds and other institutional investors own 77.
62% of the company’s stock. Service Properties Trust Cuts Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.
01 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.
04 dividend on an annualized basis and a dividend yield of 1.43%. Service Properties Trust’s dividend payout ratio is -2.
72%. About Service Properties Trust ( Get Free Report ) 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.
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