Service Properties Trust (SVC)
Market Cap | 1.46B |
Revenue (ttm) | 1.90B |
Net Income (ttm) | 13.39M |
Shares Out | 165.45M |
EPS (ttm) | 0.09 |
PE Ratio | 98.11 |
Forward PE | 21.14 |
Dividend | $0.80 (9.06%) |
Ex-Dividend Date | Apr 21, 2023 |
Volume | 997,599 |
Open | 8.54 |
Previous Close | 8.36 |
Day's Range | 8.53 - 8.86 |
52-Week Range | 4.65 - 11.57 |
Beta | 2.21 |
Analysts | Hold |
Price Target | 9.67 (+9.51%) |
Earnings Date | May 8, 2023 |
About SVC
Service Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 149 distinct brands across 23 industries. SVC's properties are primarily operated under long-term management or lease agreements. SVC is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), or RMR Inc., an alternative asset management company that is headquartered in Newton, Massachusetts. [Read more]
Financial Performance
In 2022, SVC's revenue was $1.86 billion, an increase of 24.57% compared to the previous year's $1.50 billion. Losses were -$132.38 million, -75.69% less than in 2021.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for SVC stock is "Hold." The 12-month stock price forecast is $9.67, which is an increase of 9.51% from the latest price.
News

Service Properties Trust Acquires Nautilus Hotel in South Beach Miami
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) announced today that it has acquired the 250-room Nautilus Hotel located at 1825 Collins Avenue, Miami Beach, FL for $165.4 milli...

Service Properties Trust to Present at Nareit's REITweek 2023 Investor Conference on Wednesday, June 7th
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer and Treasurer Brian Donle...

Service Properties Trust Completes Transaction with BP in Connection with BP's Acquisition of TravelCenters of America Inc.
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) announced today that BP p.l.c. (NYSE: BP) completed its acquisition of TravelCenters of America Inc. on May 15, 2023, and the pre...

Service Properties Trust Announces First Quarter 2023 Results
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2023 which can be found at the Quarterly Results section of...

Service Properties Trust First Quarter 2023 Conference Call Rescheduled for Tuesday, May 9th at 10:00 a.m. ET
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has rescheduled the release of its first quarter 2023 financial results, previously scheduled for Tuesday...

Service Properties Trust First Quarter 2023 Conference Call Scheduled for Wednesday, May 10th
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2023 results after the Nasdaq closes on Tuesday, ...

Service Properties Trust Announces Quarterly Dividend on Common Shares
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year). ...

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Banks pull back on commercial real estate lending
CNBC's Diana Olick joins 'The Exchange' to discuss why banks are assessing loan assets and liabilities, the pull back of credit on commercial real estate and how building developers will adjust to sup...

Service Properties Trust Announces Fourth Quarter 2022 Results
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended December 31, 2022. Todd Hargreaves, President and Chief Investment Of...

Service Properties Trust Fourth Quarter 2022 Conference Call Scheduled for Wednesday, March 1st
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its fourth quarter 2022 results after the Nasdaq closes on Tuesday,...

bp leans into convenience and mobility across US, agrees to purchase leading travel center operator, TravelCenters of America
Adds a network of around 280 travel centers, strategically-located on major highways across US; complementing bp's US convenience and mobility business. $1.3bn cash acquisition within bp's $16-18bn fr...

Service Properties Trust Agrees to Amended Lease Terms Upon Completion of BP's Acquisition of TravelCenters of America Inc.
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has agreed to amend its existing leases and guarantees with TravelCenters of America Inc. (Nasdaq: TA) ef...

Service Properties Trust Prices $610.2 Million Asset-backed Securitization at 5.60% That Matures in February 2028
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that its subsidiary, SVC ABS LLC, has priced $610.2 million in principal amount of net lease mortgage notes in ...

Service Properties Trust Announces 2022 Dividend Allocation
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2022 income tax reporting purposes is as follows:

Service Properties Trust Announces Third Quarter 2022 Results
NEWTON, Mass.

Service Properties Trust Declares Quarterly Cash Dividend at $0.20 Per Common Share
NEWTON, Mass.

Service Properties Trust Third Quarter 2022 Conference Call Scheduled for Friday, November 4th
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its third quarter 2022 results after the Nasdaq closes on Thursday,...

Service Properties Trust Announces Amendment to Credit Agreement
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced it has amended the agreement governing its revolving credit facility and exercised its option to extend its matur...

Service Properties Trust Provides Update on Hotel Sales
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced it has entered into a purchase and sale agreement to sell 16 Marriott branded hotels totaling 2,155 keys for $137...

Service Properties Trust Announces Second Quarter 2022 Results
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended June 30, 2022. Todd Hargreaves, President and Chief Investment Office...

Service Properties Trust Closes on the Sale of 15 Additional Hotels
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced progress on its previously announced plan to sell 68 Sonesta branded hotels. To date, 57 hotels totaling 7,272 ke...

Service Properties Trust Second Quarter 2022 Conference Call Scheduled for Friday, August 5th
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its second quarter 2022 results after the Nasdaq closes on Thursday...

Service Properties Trust Announces Annual Meeting Results
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) announced the results of its 2022 Annual Meeting of Shareholders, which was held earlier today, as follows. Laurie B. Burns was r...

Service Properties Trust to Present at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on Tuesday, June 14th
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer and Treasurer Brian Donle...