B. Riley Issues Pessimistic Forecast for SVC Earnings

Service Properties Trust (NASDAQ:SVC) – Research analysts at B. Riley decreased their FY2024 earnings per share (EPS) estimates for Service Properties Trust in a research report issued on Monday, November 11th. B. Riley analyst B. Maher now forecasts that the real estate investment trust will post earnings per share of $1.13 for the year, down from their previous forecast of $1.21. B. Riley currently has a “Buy” rating and a $8.00 price target on the stock. The consensus estimate for Service Properties Trust’s current full-year earnings is $1.21 per share. B. Riley also issued estimates for Service Properties Trust’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.23 EPS, Q1 2026 earnings at $0.17 EPS, Q2 2026 earnings at $0.40 EPS and Q3 2026 earnings at $0.36 EPS.

Service Properties Trust (NASDAQ:SVC) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.65). The business had revenue of $491.17 million during the quarter, compared to the consensus estimate of $497.97 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%. During the same quarter in the prior year, the business posted $0.56 earnings per share.

Separately, Wells Fargo & Company cut their target price on shares of Service Properties Trust from $5.00 to $4.00 and set an “underweight” rating on the stock in a research note on Friday, September 13th.

Service Properties Trust Trading Down 5.8 %

NASDAQ:SVC opened at $2.93 on Wednesday. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. Service Properties Trust has a twelve month low of $2.93 and a twelve month high of $8.72. The firm’s fifty day simple moving average is $4.20 and its 200 day simple moving average is $4.90.

Service Properties Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.37%. Service Properties Trust’s dividend payout ratio is presently -2.72%.

Hedge Funds Weigh In On Service Properties Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Xponance Inc. bought a new stake in shares of Service Properties Trust during the 2nd quarter valued at $53,000. Choreo LLC purchased a new stake in Service Properties Trust in the second quarter worth about $54,000. Sequoia Financial Advisors LLC purchased a new stake in Service Properties Trust in the second quarter worth about $68,000. Family Wealth Partners LLC bought a new position in shares of Service Properties Trust during the third quarter valued at approximately $69,000. Finally, NorthRock Partners LLC purchased a new position in shares of Service Properties Trust during the first quarter valued at approximately $75,000. Institutional investors own 77.62% of the company’s stock.

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.