Brokerages expect Service Properties Trust (NASDAQ: SVC – Get a rating) to show sales of $412.18 million for the current quarter, Zacks reports. Two analysts have made estimates of Service Properties Trust’s earnings, with the highest sales estimate of $415.25 million and the lowest estimate of $409.10 million. Service Properties Trust recorded sales of $261.17 million in the same quarter last year, indicating a positive year-over-year growth rate of 57.8%. The company is expected to announce its next quarterly results after the market closes on Monday, January 1.
According to Zacks, analysts expect Service Properties Trust to report annual sales of $1.80 billion for the current fiscal year, with estimates ranging from $1.80 billion to $1.81 billion. For next year, analysts expect the company to post sales of $1.82 billion, with estimates ranging from $1.81 billion to $1.83 billion. Zacks sales averages are an average average based on a survey of research companies that track Service Properties Trust.
Trusting Service Properties (NASDAQ: SVC – Get a rating) last announced its results 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 36.41% and a negative return on equity of 30.99%. During the same period of the previous year, the company recorded an EPS of ($0.14).
Several research firms have recently published reports on CVS. B. Riley lowered his price target on Service Properties Trust shares from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, February 28. Oppenheimer began covering shares of Service Properties Trust in a research report on Thursday, April 21. They issued a “market performance” rating on the stock. To finish, Zacks Investment Research downgraded shares of Service Properties Trust from a “hold” rating to a “sell” rating in a Wednesday, March 2 research report.
SVC Action opened at $8.12 on Monday. Service Properties Trust has a 12-month low of $7.01 and a 12-month high of $15.39. The company has a 50-day simple moving average of $8.48. The company has a market capitalization of $1.34 billion, a price-earnings ratio of -2.45 and a beta of 2.23. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt ratio of 4.59.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 19. Shareholders of record on Monday, April 25 will receive a dividend of $0.01. The ex-date of this dividend is Friday, April 22. This represents a dividend of $0.04 on an annualized basis and a yield of 0.49%. Service Properties Trust’s dividend payout ratio is currently -1.21%.
Several institutional investors have recently changed their positions in the company. Geode Capital Management LLC increased its position in Service Properties Trust by 0.9% in the third quarter. Geode Capital Management LLC now owns 3,469,226 shares of the real estate investment trust worth $38,890,000 after purchasing an additional 30,252 shares during the period. Bank of New York Mellon Corp increased its holdings in Service Properties Trust by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 1,853,614 shares of the real estate investment trust worth $20,780,000 after buying 58,813 more shares last quarter. Advisor Partners LLC increased its stake in Service Properties Trust by 7.1% in the fourth 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 in the last quarter. Millennium Management LLC increased its stake in Service Properties Trust by 2,193.2% in Q3. Millennium Management LLC now owns 657,988 shares of the real estate investment trust worth $7,376,000 after purchasing an additional 629,295 shares last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Service Properties Trust shares by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,409,265 shares of the real estate investment trust worth $27,009,000 after acquiring 25,081 additional shares in the last quarter. 77.63% of the shares are held by institutional investors.
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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