Service Properties Trust (NASDAQ:SVC) Declares Quarterly Dividend of $0.01

Service Properties Trust (NASDAQ:SVC) announced a quarterly dividend on Friday, January 14th, investing.com reports. Investors of record on Monday, January 24th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 17th. This represents a $0.04 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, January 21st.

NASDAQ:SVC opened at $9.43 on Friday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -3.21 and a beta of 2.33. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 4.07. The company’s 50-day moving average is $9.52 and its two-hundred day moving average is $10.82. Service Properties Trust has a 12-month low of $7.95 and a 12-month high of $15.39.

Service Properties Trust (NASDAQ:SVC) last posted its earnings results on Thursday, November 4th. The real estate investment trust reported ($0.36) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $0.25. Service Properties Trust had a negative net margin of 35.97% and a negative return on equity of 25.52%. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities research analysts forecast that Service Properties Trust will post 0.33 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new stake in Service Properties Trust during the 3rd quarter worth about $187,000. UBS Group AG boosted its position in Service Properties Trust by 10.8% during the 3rd quarter. UBS Group AG now owns 257,845 shares of the real estate investment trust’s stock worth $2,890,000 after acquiring an additional 25,038 shares during the period. Royal Bank of Canada lifted its holdings in shares of Service Properties Trust by 66.2% during the 3rd quarter. Royal Bank of Canada now owns 30,604 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 12,195 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Service Properties Trust by 51.1% during the 2nd quarter. Morgan Stanley now owns 1,014,091 shares of the real estate investment trust’s stock valued at $12,778,000 after buying an additional 342,803 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Service Properties Trust in the 2nd quarter valued at approximately $362,000. 76.85% of the stock is currently owned by hedge funds and other institutional investors.

SVC has been the topic of several research analyst reports. Wells Fargo & Company cut Service Properties Trust from an “equal weight” rating to an “underweight” rating in a research note on Monday, October 18th. Zacks Investment Research cut Service Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 11th.

About Service Properties Trust

Service Properties Trust is a real estate investment trust, which engages in the provision of hospitality and travel services. It operates through the following Hotel Investments and Net Lease Investments segments. The firm owns hotels and travel centers located throughout the U.S., Ontario, Canada, and Puerto Rico.

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Dividend History for Service Properties Trust (NASDAQ:SVC)

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