Service Properties Trust Announces Efforts to Mitigate COVID-19 Impact
Service Properties Trust - Shares of Beneficial Interest (SVC)
Last service properties trust - shares of beneficial interest earnings: 2/28 07:00 am
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Source: Business Wire
Reduces Quarterly Common Share Dividend Per Share to $0.01 to Preserve CapitalDeferring Planned Capital ProjectsSufficient Liquidity to Fund Operations for a Sustained Period NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that due to the uncertainty from the rapidly evolving COVID-19 (coronavirus) pandemic on the U.S. economy generally and the lodging industry in particular, SVC is undertaking significant efforts to address the operating and financial impact of the current crisis. The decline in hotel occupancy caused by this pandemic has been dramatic and the duration and severity of its impact on the U.S. economy is unknown. COVID-19 protocols implemented by state and local governments have also impacted certain industries where some of SVC’s net lease tenants operate, such as casual dining establishments and movie theaters.As a result of these conditions, in order to preserve cash and liquidity, SVC’s Board of Trustees has decided to reduc
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SVC
News
- Service Properties Trust Announces Quarterly Dividend on Common SharesBusiness Wire
- Service Properties Trust First Quarter 2024 Conference Call Scheduled for Wednesday, May 8thBusiness Wire
- Service Properties Trust: Hidden Value In Sonesta [Seeking Alpha]Seeking Alpha
- Service Properties Trust (NASDAQ: SVC) had its price target lowered by analysts at Wells Fargo & Company from $7.50 to $5.75. They now have an "underweight" rating on the stock.MarketBeat
- Service Properties Trust (NASDAQ: SVC) had its price target lowered by analysts at B. Riley from $12.00 to $10.00. They now have a "buy" rating on the stock.MarketBeat
SVC
Earnings
- 2/28/24 - Miss
SVC
Sec Filings
- 4/4/24 - Form POSASR
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- SVC's page on the SEC website