Service Properties Trust (NASDAQ:SVC) Expected to Earn Q3 2023 Earnings of $0.54 Per Share

Posted by Defense World Staff on Aug 14th, 2023

Service Properties Trust (NASDAQ:SVC – Free Report) – Equities research analysts at B. Riley decreased their Q3 2023 earnings per share (EPS) estimates for Service Properties Trust in a note issued to investors on Thursday, August 10th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings per share of $0.54 for the quarter, down from their previous forecast of $0.58. The consensus estimate for Service Properties Trust’s current full-year earnings is $1.76 per share. B. Riley also issued estimates for Service Properties Trust’s Q4 2023 earnings at $0.40 EPS, FY2023 earnings at $1.74 EPS, Q1 2024 earnings at $0.31 EPS, Q2 2024 earnings at $0.63 EPS, Q3 2024 earnings at $0.59 EPS, Q4 2024 earnings at $0.42 EPS, FY2024 earnings at $1.95 EPS, Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.67 EPS and FY2025 earnings at $2.08 EPS.

Service Properties Trust Stock Down 0.5 %

Shares of NASDAQ:SVC opened at $8.57 on Monday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.50 and a current ratio of 0.76. Service Properties Trust has a 52-week low of $4.99 and a 52-week high of $11.56. The business’s 50 day simple moving average is $8.71 and its two-hundred day simple moving average is $9.08. The firm has a market cap of $1.42 billion, a P/E ratio of -171.37 and a beta of 2.22.

Institutional Trading of Service Properties Trust

Several institutional investors and hedge funds have recently made changes to their positions in SVC. Financial Management Professionals Inc. bought a new position in Service Properties Trust during the first quarter valued at $30,000. Parallel Advisors LLC raised its position in shares of Service Properties Trust by 137.3% during the 2nd quarter. Parallel Advisors LLC now owns 3,839 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 2,221 shares in the last quarter. Point72 Hong Kong Ltd grew its position in Service Properties Trust by 350.6% in the first quarter. Point72 Hong Kong Ltd now owns 4,389 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 3,415 shares in the last quarter. Captrust Financial Advisors bought a new position in Service Properties Trust in the second quarter valued at $41,000. Finally, Tower Research Capital LLC TRC grew its position in Service Properties Trust by 146.8% during the first quarter. Tower Research Capital LLC TRC now owns 5,131 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 3,052 shares during the last quarter. Hedge funds and other institutional investors own 79.27% of the company’s stock.

Service Properties Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, July 24th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 9.33%. The ex-dividend date of this dividend is Friday, July 21st. Service Properties Trust’s dividend payout ratio (DPR) is presently -1,599.68%.

Service Properties Trust Company Profile

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Service Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of March 31, 2023, SVC owned 220 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.