$0.34 EPS expected for Service Properties Trust (NASDAQ:SVC) this quarter


Equity research analysts expect Service Properties Trust (NASDAQ:SVC – Get a rating) will post earnings per share (EPS) of $0.34 for the current quarter, according to Zacks. Two analysts provided earnings estimates for Service Properties Trust. The lowest EPS estimate is $0.30 and the highest is $0.38. Service Properties Trust reported earnings of $0.16 per share in the same quarter last year, which would indicate a positive growth rate of 112.5% ​​year-over-year. The company is due to announce its next quarterly results on Monday, January 1.

On average, analysts expect Service Properties Trust to report annual earnings of $1.04 per share for the current year, with EPS estimates ranging from $0.98 to $1.09. For next year, analysts expect the company to report earnings of $1.70 per share, with EPS estimates ranging from $1.45 to $1.95. Zacks earnings per share averages are an average based on a survey of sell-side research analysts who cover Service Properties Trust.

Service Properties Trust (NASDAQ: SVC – Get a rating) last released its quarterly earnings data on Thursday, February 24. The real estate investment trust reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.54) from ($0.67). Service Properties Trust had a negative net margin of 28.83% and a negative return on equity of 28.63%. In the same quarter a year earlier, the company posted ($0.14) earnings per share.

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SVC has been the subject of a number of recent research reports. B. Riley cut his price target on Service Properties Trust shares from $13.00 to $11.00 in a Monday, May 9 report. Oppenheimer assumed coverage from Service Properties Trust in a Thursday, April 21 report. They set a “market performance” rating on the stock. To finish, Zacks Investment Research downgraded Service Properties Trust from a “hold” rating to a “strong sell” rating in a Wednesday, May 11 research report.

Shares of Service Properties Trust traded down $0.30 during Friday trading hours, hitting $5.85. The stock had a trading volume of 1,988,035 shares, compared to an average volume of 1,633,704. The company’s 50-day simple moving average is $8.00 and its 200-day simple moving average is of $8.74. Service Properties Trust has a one-year low of $5.68 and a one-year high of $15.39. The stock has a market capitalization of $965.78 million, a price-earnings ratio of -2.05 and a beta of 2.12. The company has a quick ratio of 2.23, a current ratio of 2.23 and a leverage ratio of 4.98.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 19. Shareholders of record on Monday, April 25 received a dividend of $0.01 per share. The ex-dividend date was Friday, April 22. This represents a dividend of $0.04 on an annualized basis and a yield of 0.68%. Service Properties Trust’s dividend payout ratio (DPR) is currently -1.40%.

Institutional investors have recently changed their positions in the stock. CIBC Asset Management Inc. raised its position in shares of Service Properties Trust by 6.9% during the 3rd quarter. CIBC Asset Management Inc. now owns 20,369 shares of the real estate investment trust worth $228,000 after purchasing an additional 1,323 shares last quarter. Grandview Asset Management LLC increased its position in Service Properties Trust by 2.3% in the first quarter. Grandview Asset Management LLC now owns 62,900 shares of the real estate investment trust worth $555,000 after purchasing an additional 1,400 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in Service Properties Trust by 2.1% in Q1. Maryland State Retirement & Pension System now owns 66,778 shares of the REIT worth $590,000 after purchasing 1,404 additional shares during the period. Daiwa Securities Group Inc. increased its position in Service Properties Trust shares by 3.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 49,322 shares of the real estate investment trust worth $436,000 after purchasing an additional 1,421 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Service Properties Trust by 7.1% during the 4th quarter. Advisor Partners LLC now owns 24,762 shares of the real estate investment trust worth $218,000 after purchasing an additional 1,634 shares during the period. Institutional investors and hedge funds hold 79.60% of the company’s shares.

About approving service properties (Get a rating)

Service Properties Trust is a real estate investment trust, or REIT, that owns a diversified portfolio of hotels, net rental services and necessity-based retail properties in the United States, Puerto Rico and Canada, with 149 distinct brands in 23 sectors. SVC’s properties are primarily operated under long-term management or lease agreements.

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Earnings history and estimates for Service Properties Trust (NASDAQ:SVC)

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