Service Properties Trust (NASDAQ:SVC) Issues Earnings Results
by Scott Moore · The Cerbat GemService Properties Trust (NASDAQ:SVC – Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.55), FiscalAI reports. The company had revenue of $364.45 million during the quarter, compared to the consensus estimate of $347.82 million. Service Properties Trust had a negative net margin of 11.15% and a negative return on equity of 29.70%. Service Properties Trust updated its FY 2026 guidance to 0.240-0.270 EPS.
Service Properties Trust Stock Performance
Shares of SVC traded down $0.08 during trading hours on Thursday, reaching $1.51. 3,032,344 shares of the company’s stock traded hands, compared to its average volume of 6,517,486. The firm has a market capitalization of $252.92 million, a price-to-earnings ratio of -1.24 and a beta of 1.61. The company has a debt-to-equity ratio of 5.00, a current ratio of 0.14 and a quick ratio of 0.14. Service Properties Trust has a twelve month low of $1.13 and a twelve month high of $3.08. The business’s fifty day simple moving average is $1.74 and its two-hundred day simple moving average is $1.90.
Service Properties Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, April 21st. Service Properties Trust’s dividend payout ratio (DPR) is -3.31%.
Insider Activity at Service Properties Trust
In other news, CEO Christopher J. Bilotto bought 100,000 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average cost of $1.20 per share, with a total value of $120,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian E. Donley bought 55,000 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average cost of $1.20 per share, for a total transaction of $66,000.00. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 41,914,999 shares of company stock valued at $50,297,999. 1.57% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of SVC. BNP Paribas Financial Markets boosted its position in shares of Service Properties Trust by 54.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 5,099 shares during the period. Cerity Partners LLC boosted its position in Service Properties Trust by 40.2% during the 2nd quarter. Cerity Partners LLC now owns 29,838 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 8,554 shares during the period. Jain Global LLC boosted its position in Service Properties Trust by 37.8% during the 4th quarter. Jain Global LLC now owns 34,638 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 9,500 shares during the period. Renaissance Technologies LLC boosted its position in Service Properties Trust by 10.9% during the 4th quarter. Renaissance Technologies LLC now owns 122,400 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 12,000 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Service Properties Trust by 98.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 24,150 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 12,006 shares during the period. 77.62% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on SVC shares. Zacks Research cut Service Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Wells Fargo & Company cut their target price on Service Properties Trust from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 22nd. Wall Street Zen upgraded Service Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Service Properties Trust in a research note on Tuesday, April 21st. Finally, B. Riley Financial upgraded Service Properties Trust from a “neutral” rating to a “buy” rating and set a $2.00 target price on the stock in a research note on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $2.00.
Get Our Latest Analysis on SVC
Service Properties Trust Company Profile
Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.
Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.