Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC's properties are primarily operated under long-term management or lease agreements. SVC is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), or RMR Inc., an alternative asset management company that is headquartered in Newton, Massachusetts.
Service Properties Trust Stock Performance
Shares of Service Properties Trust stock traded up $0.30 on Thursday, hitting $8.12. The company's stock had a trading volume of 80,501 shares, compared to its average volume of 1,136,099. Service Properties Trust has a 52-week low of $4.65 and a 52-week high of $12.23. The company has a debt-to-equity ratio of 4.46, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a fifty day moving average price of $6.09 and a 200-day moving average price of $7.35.
Service Properties Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Monday, July 25th will be issued a $0.01 dividend. The ex-dividend date is Friday, July 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.49%. Service Properties Trust's dividend payout ratio (DPR) is -1.79%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SVC. Wells Fargo & Company lowered their price target on shares of Service Properties Trust from $8.50 to $6.25 and set an "underweight" rating on the stock in a research note on Tuesday, May 24th. B. Riley decreased their price objective on shares of Service Properties Trust from $13.00 to $11.00 in a research report on Monday, May 9th. Finally, Oppenheimer initiated coverage on shares of Service Properties Trust in a research report on Thursday, April 21st. They issued a "market perform" rating on the stock.