B. Riley Has Negative Outlook of SVC FY2024 Earnings

Service Properties Trust (NASDAQ:SVC) – Equities research analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for Service Properties Trust in a research note issued to investors on Monday, November 11th. B. Riley analyst B. Maher now anticipates that the real estate investment trust will earn $1.13 per share for the year, down from their previous forecast of $1.21. B. Riley currently has a “Buy” rating and a $8.00 target price on the stock. The consensus estimate for Service Properties Trust’s current full-year earnings is $1.13 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.

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 Stock Performance

Shares of Service Properties Trust stock opened at $2.79 on Wednesday. The business has a 50-day moving average price of $4.13 and a two-hundred day moving average price of $4.86. Service Properties Trust has a 1-year low of $2.77 and a 1-year high of $8.72. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 4.32. The company has a market cap of $464.95 million, a P/E ratio of -1.98 and a beta of 2.23.

Service Properties Trust (NASDAQ:SVC) last released its earnings results 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). Service Properties Trust had a negative net margin of 12.87% and a negative return on equity of 22.67%. The firm had revenue of $491.17 million for the quarter, compared to analyst estimates of $497.97 million. During the same period in the prior year, the company posted $0.56 EPS.

Service Properties Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were issued a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.43%. Service Properties Trust’s payout ratio is currently -2.72%.

Hedge Funds Weigh In On Service Properties Trust

A number of large investors have recently modified their holdings of SVC. Texas Permanent School Fund Corp lifted its position in Service Properties Trust by 1.7% in the 1st quarter. Texas Permanent School Fund Corp now owns 145,080 shares of the real estate investment trust’s stock valued at $984,000 after acquiring an additional 2,476 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Service Properties Trust by 8.6% in the first quarter. Illinois Municipal Retirement Fund now owns 100,377 shares of the real estate investment trust’s stock valued at $681,000 after purchasing an additional 7,939 shares in the last quarter. NorthRock Partners LLC purchased a new position in shares of Service Properties Trust during the first quarter valued at approximately $75,000. ProShare Advisors LLC grew its holdings in Service Properties Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 33,275 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 2,287 shares in the last quarter. Finally, Delta Investment Management LLC raised its position in Service Properties Trust by 3.8% in the 1st quarter. Delta Investment Management LLC now owns 115,983 shares of the real estate investment trust’s stock valued at $786,000 after buying an additional 4,272 shares during the last quarter. 77.62% of the stock is currently owned by institutional investors.

Service Properties Trust Company Profile

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.