Service Properties Trust Declares Quarterly Dividend of $0.20 (NASDAQ:SVC)

Service Properties Trust (NASDAQ:SVC) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Stockholders of record on Monday, April 22nd will be paid a dividend of 0.20 per share by the real estate investment trust on Thursday, May 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.11%. The ex-dividend date of this dividend is Friday, April 19th.

Service Properties Trust has increased its dividend by an average of 12.0% annually over the last three years. Service Properties Trust has a dividend payout ratio of -109.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Service Properties Trust to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 50.0%.

Service Properties Trust Price Performance

SVC stock opened at $6.10 on Thursday. The firm has a 50 day simple moving average of $6.88 and a 200 day simple moving average of $7.41. Service Properties Trust has a 52 week low of $6.09 and a 52 week high of $9.68. The company has a debt-to-equity ratio of 3.26, a quick ratio of 0.09 and a current ratio of 0.09.

Institutional Trading of Service Properties Trust

Large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd grew its stake in Service Properties Trust by 350.6% in the 1st quarter. Point72 Hong Kong Ltd now owns 4,389 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 3,415 shares during the last quarter. Captrust Financial Advisors bought a new stake in Service Properties Trust in the second quarter valued at $41,000. Quilter Plc acquired a new position in Service Properties Trust during the second quarter worth $48,000. Tower Research Capital LLC TRC lifted its holdings in shares of 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 period. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Service Properties Trust in the 4th quarter valued at $88,000. 77.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. B. Riley dropped their price target on shares of Service Properties Trust from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Wells Fargo & Company lowered their target price on Service Properties Trust from $7.50 to $5.75 and set an “underweight” rating on the stock in a research note on Thursday, March 21st.

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.