Q3 2024 EPS Estimates for Service Properties Trust (NASDAQ:SVC) Cut by Analyst

Service Properties Trust (NASDAQ:SVC) – Equities research analysts at B. Riley lowered their Q3 2024 earnings per share estimates for Service Properties Trust in a research note issued to investors on Friday, August 9th. B. Riley analyst B. Maher now forecasts that the real estate investment trust will earn $0.40 per share for the quarter, down from their prior estimate of $0.47. B. Riley currently has a “Buy” rating and a $8.00 target price on the stock. The consensus estimate for Service Properties Trust’s current full-year earnings is $1.37 per share. B. Riley also issued estimates for Service Properties Trust’s Q4 2024 earnings at $0.23 EPS, FY2024 earnings at $1.21 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.26 EPS, FY2025 earnings at $1.35 EPS, Q1 2026 earnings at $0.18 EPS, Q2 2026 earnings at $0.53 EPS and FY2026 earnings at $1.51 EPS.

Service Properties Trust Stock Up 2.3 %

Service Properties Trust stock opened at $4.42 on Monday. The business’s 50-day moving average price is $5.22 and its 200 day moving average price is $6.09. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 3.58. The firm has a market cap of $732.66 million, a price-to-earnings ratio of -5.26 and a beta of 2.21. Service Properties Trust has a 52 week low of $4.26 and a 52 week high of $8.72.

Service Properties Trust (NASDAQ:SVC) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported ($0.45) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.94). The company had revenue of $512.95 million for the quarter, compared to analyst estimates of $509.33 million. Service Properties Trust had a negative return on equity of 11.01% and a negative net margin of 7.29%. During the same period in the prior year, the business posted $0.58 earnings per share.

Hedge Funds Weigh In On Service Properties Trust

Large investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC lifted its holdings in Service Properties Trust by 137.9% during the first quarter. FinTrust Capital Advisors LLC now owns 5,928 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 3,436 shares in the last quarter. Choreo LLC purchased a new position in Service Properties Trust in the 2nd quarter valued at about $54,000. NorthRock Partners LLC acquired a new stake in Service Properties Trust in the 1st quarter worth about $75,000. Metis Global Partners LLC purchased a new stake in Service Properties Trust during the 4th quarter worth approximately $96,000. Finally, First Trust Direct Indexing L.P. acquired a new position in shares of Service Properties Trust during the fourth quarter valued at approximately $102,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

Service Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 18.10%. Service Properties Trust’s dividend payout ratio (DPR) is currently -95.24%.

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.