Service Properties Trust (SVC)

NASDAQ: SVC · IEX Real-Time Price · USD
6.33
-0.07 (-1.09%)
At close: Apr 24, 2024, 4:00 PM
6.42
+0.09 (1.42%)
After-hours: Apr 24, 2024, 6:44 PM EDT
-1.09%
Market Cap 1.05B
Revenue (ttm) 1.87B
Net Income (ttm) -32.78M
Shares Out 165.77M
EPS (ttm) -0.20
PE Ratio n/a
Forward PE 21.14
Dividend $0.80 (12.64%)
Ex-Dividend Date Apr 19, 2024
Volume 796,520
Open 6.32
Previous Close 6.40
Day's Range 6.26 - 6.42
52-Week Range 5.92 - 9.39
Beta 2.16
Analysts Hold
Price Target 7.92 (+25.12%)
Earnings Date May 7, 2024

About SVC

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. As of December 31, 2023, SVC also owned 752 service-focused retail net lease properties totaling approximately 13.3 million square feet throughout the United States. SVC ... [Read more]

Sector Real Estate
CEO Todd W. Hargreaves
Country United States
Stock Exchange NASDAQ
Ticker Symbol SVC
Full Company Profile

Financial Performance

In 2023, SVC's revenue was $1.87 billion, an increase of 0.58% compared to the previous year's $1.86 billion. Losses were -$32.78 million, -75.24% less than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for SVC stock is "Hold." The 12-month stock price forecast is $7.92, which is an increase of 25.12% from the latest price.

Price Target
$7.92
(25.12% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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). ...

13 days ago - Business Wire

Service Properties Trust First Quarter 2024 Conference Call Scheduled for Wednesday, May 8th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2024 results after the Nasdaq closes on Tuesday, ...

15 days ago - Business Wire

Service Properties Trust Announces Fourth Quarter 2023 Results

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

2 months ago - Business Wire

Service Properties Trust Fourth Quarter 2024 Conference Call Scheduled for Thursday, February 29th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its fourth quarter 2023 results after the Nasdaq closes on Wednesda...

3 months ago - Business Wire

Service Properties Trust Announces 2023 Dividend Allocation

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2023 income tax reporting purposes is as follows: Common Shares   Divi...

3 months ago - Business Wire

This Real Estate Portfolio Yields More Than 12%

Select real estate may be the income investing play for 2024. As I write, seven real estate investment trusts (REITs) are dishing dividends from 8.7% all the way up to 15.4%.

Other symbols: ARRBDNGNLHIWRCUNIT
4 months ago - Forbes

Service Properties Trust Prices $1.0 Billion of Senior Secured Notes Due 2031

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has priced $1.0 billion aggregate principal amount of 8.625% senior secured notes due 2031. The closing i...

5 months ago - Business Wire

Service Properties Trust Announces Third Quarter 2023 Results

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2023, which can be found at the Quarterly Results secti...

6 months ago - Business Wire

5 Dividend Growth Stocks To Watch This Quarter

The safest dividend is usually the one that was just raised. Recession or no landing, bull or bear, these payers don't care.

Other symbols: APLECOKEMAROC
7 months ago - Forbes

Service Properties Trust Third Quarter 2023 Conference Call Scheduled for Tuesday, November 7th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its third quarter 2023 results after the Nasdaq closes on Monday, N...

7 months ago - Business Wire

Service Properties Trust Announces Second Quarter 2023 Results

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended June 30, 2023, which can be found at the Quarterly Results section of...

9 months ago - Business Wire

Service Properties Trust Second Quarter 2023 Conference Call Scheduled for Tuesday, August 8th

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its second quarter 2023 results after the Nasdaq closes on Monday, ...

10 months ago - Business Wire

Service Properties Trust Enters New $650 Million Credit Facility

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has entered into a new $650 million secured revolving credit facility. The maturity date of the new facil...

10 months ago - Business Wire

Service Properties Trust Elects Rajan Penkar to Board of Trustees

NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that it has elected Rajan Penkar to its Board as an Independent Trustee, effective immediately. With the addition...

11 months ago - Business Wire

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...

11 months ago - Business Wire

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...

11 months ago - Business Wire

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...

Other symbols: BP
1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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, ...

1 year ago - Business Wire

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...

Other symbols: EQIXGTYPLD
1 year ago - CNBC Television

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...

1 year ago - Business Wire

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,...

1 year ago - Business Wire

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...

Other symbols: BP
1 year ago - PRNewsWire

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...

Other symbols: BP
1 year ago - Business Wire