In yesterday’s Wall Street session, Service Properties Trust (NASDAQ:SVC) shares traded at $8.16, down -0.43% from the previous session.
4 analysts cover Service Properties Trust (NASDAQ:SVC), according to research data. The consensus rating among analysts is ‘Hold’. SVC stock price is now -13.96% away from the 50-day moving average and 1.72% away from the 200-day moving average. The market capitalization of the company currently stands at $1.33B.
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The stock has received a hold rating from 2 analysts and a buy rating from 1.
With the price target of $8.50, Oppenheimer recently initiated with Perform rating for Service Properties Trust (NASDAQ: SVC). On February 28, 2022, B. Riley Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $15 to quote $13, while ‘Wells Fargo’ rates the stock as ‘Underweight’.
In other news, Donley Brian E., CFO and Treasurer bought 3,000 shares of the company’s stock on May 25. The stock was bought for $17,820 at an average price of $5.94. Upon completion of the transaction, the CFO and Treasurer now directly owns 38,341 shares in the company, valued at $0.31 million. Insiders disposed of 29,416 shares of company stock worth roughly $0.24 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SVC stock. A new stake in Service Properties Trust shares was purchased by SIGULER GUFF ADVISERS, LLC during the first quarter worth $13,943,000. GLENDON CAPITAL MANAGEMENT LP invested $5,650,000 in shares of SVC during the first quarter. In the first quarter, TACONIC CAPITAL ADVISORS LP acquired a new stake in Service Properties Trust valued at approximately $5,222,000. STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in SVC for approximately $1,806,000. HRT FINANCIAL LP purchased a new stake in SVC valued at around $1,687,000 in the second quarter. In total, there are 346 active investors with 80.70% ownership of the company’s stock.
On Monday morning Service Properties Trust (NASDAQ: SVC) stock kicked off with the opening price of $8.22. During the past 12 months, Service Properties Trust has had a low of $4.52 and a high of $11.56. According to the stock market information, the enterprise value for the company is $6.96B, which is based on a 100.74 price-to-earnings ratio, a 20.15 price-to-earnings-growth ratio, and a beta of 2.20. The fifty day moving average price for SVC is $9.42 and a two-hundred day moving average price translates $8.08 for the stock.
The latest earnings results from Service Properties Trust (NASDAQ: SVC) was released for Mar, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.16, beating analysts’ expectations of -$0.29 by 0.45. This compares to -$0.73 EPS in the same period last year. The net profit margin was 0.70% and return on equity was 0.90% for SVC. The company reported revenue of $429.21 million for the quarter, compared to $393.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.0 percent. For the current quarter, analysts expect SVC to generate $507.96M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/18/2023. Investors who held shares on 04/24/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 9.80% percent yield. There was an ex-dividend date of 04/21/2023 for this dividend. In terms of dividend payout ratio, SVC is presently at 516.50%.
Service Properties Trust(SVC) Company Profile
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 December 31, 2022, SVC owned 238 hotels with over 40,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. As of December 31, 2022, SVC also owned 765 retail service-focused net lease properties totaling over 13.4 million square feet throughout United States. SVC is managed by The RMR Group (Nasdaq: RMR), an alternative asset management company with over $37 billion in assets under management as of December 31, 2022 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. SVC is headquartered in Newton, MA.
