Service Properties Trust (NASDAQ:SVC - Get Free Report) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Shareholders of record on Monday, April 22nd will be given a dividend of 0.20 per share by the real estate investment trust on Thursday, May 16th. This represents a $0.80 annualized dividend and a yield of 12.35%. The ex-dividend date is Friday, April 19th.
Service Properties Trust has raised its dividend payment by an average of 12.0% annually over the last three years. Service Properties Trust has a payout ratio of -109.6% 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 $1.60 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 50.0%.
Service Properties Trust Stock Performance
Shares of SVC stock traded down $0.06 during midday trading on Friday, hitting $6.48. The company had a trading volume of 785,639 shares, compared to its average volume of 984,463. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -32.40 and a beta of 2.18. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.09 and a quick ratio of 0.09. The company's 50 day simple moving average is $6.95 and its 200 day simple moving average is $7.44. Service Properties Trust has a 52-week low of $6.31 and a 52-week high of $9.86.
Institutional Investors Weigh In On Service Properties Trust
Hedge funds and other institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new position in shares of Service Properties Trust during the 1st quarter worth $102,000. State of Wyoming grew its position in Service Properties Trust by 240.4% during the fourth quarter. State of Wyoming now owns 13,682 shares of the real estate investment trust's stock worth $100,000 after buying an additional 9,663 shares during the period. Vident Investment Advisory LLC purchased a new position in Service Properties Trust in the first quarter valued at about $98,000. Profund Advisors LLC acquired a new stake in shares of Service Properties Trust during the 4th quarter valued at approximately $97,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Service Properties Trust during the 2nd quarter worth approximately $96,000. Institutional investors and hedge funds own 77.62% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on SVC shares. B. Riley lowered their price objective on shares of Service Properties Trust from $12.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, March 4th. Wells Fargo & Company dropped their price target on shares of Service Properties Trust from $7.50 to $5.75 and set an "underweight" rating on the stock in a research note on Thursday, March 21st.
Read Our Latest Stock Report on SVC
Service Properties Trust Company Profile
(
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.
Read More
Before you consider Service Properties Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Service Properties Trust wasn't on the list.
While Service Properties Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
