Service Properties Trust: Downgrading To A Hold Ahead Of Upcoming Q4 Earnings Report [Seeking Alpha]
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: Seeking Alpha
SVC struggling with FFO and EBITDA growth, with declines in certain segments. High leverage and debt raise concerns about dividend sustainability and long-term returns for investors. Intro We wrote about Service Properties Trust ( NASDAQ: SVC ) back in April 2023 when we upgraded our rating on the REIT from a 'Hold' to a 'Buy'. Trends were encouraging at the time when we saw growth in both Hotel RevPAR as well as occupancy rates. Furthermore, the purchase of TravelCenters by BP immediately boosted the Net lease portfolio where approximately $380 million in upfront capital for SVC was part of the deal. Moreover, this was all on the back of some significant deleveraging in fiscal 2022 where the lion's share of collected funds from the $1.6+ billion of asset sales in this period went to paying down the company's debt. Suffice it to say, a technical breakout, a successful pivot to a more asset-light model plus the reinstating of the company's quarterly dividend to $0.20 per share l
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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