Service Properties Trust (SVC)

NASDAQ: SVC · IEX Real-Time Price · USD
8.83
+0.47 (5.62%)
At close: Jun 2, 2023, 4:00 PM
8.96
+0.13 (1.44%)
After-hours: Jun 2, 2023, 5:30 PM EDT
5.62%
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]

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

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 Statements

Analyst 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.

Price Target
$9.67
(9.51% upside)
Analyst Consensus: Hold
Stock Forecasts

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...

1 day 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...

1 day 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
2 weeks ago - Business Wire
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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...

3 weeks 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 month 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 month ago - Business Wire

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). ...

1 month ago - Business Wire

REITs Alternatives to Consider for Diversification

One concerning aspect of dividend investing is that it can be easy to be attracted to stocks with the highest yields. Suppose a company's share price lowers, which causes its yield to increase.

Other symbols: GTY
2 months ago - MarketBeat
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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...

Other symbols: EQIXGTYPLD
2 months 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...

3 months 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,...

3 months 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: BPTA
3 months ago - PRNewsWire
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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: BPTA
3 months ago - Business Wire

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 ...

4 months ago - Business Wire

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:

4 months ago - Business Wire

Service Properties Trust Announces Third Quarter 2022 Results

NEWTON, Mass.

7 months ago - Business Wire

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,...

8 months ago - Business Wire

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...

8 months ago - Business Wire

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...

8 months ago - Business Wire

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...

10 months ago - Business Wire

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...

11 months ago - Business Wire

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...

11 months ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire