In the last trading session, 2.09 million Service Properties Trust (NASDAQ:SVC) shares changed hands as the company’s beta touched 2.23. With the company’s per share price at $2.93 changed hands at -$0.18 or -5.79% during last session, the market valuation stood at $488.28M. SVC’s last price was a discount, traded about -197.61% off its 52-week high of $8.72. When we look at Service Properties Trust’s average trading volume, we note the 10-day average is 2.26 million shares, with the 3-month average coming to 1.66 million.
Analysts gave the Service Properties Trust (SVC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SVC as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Service Properties Trust’s EPS for the current quarter is expected to be -0.32.
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Service Properties Trust (NASDAQ:SVC) trade information
Instantly SVC was in red as seen at the end of in last trading. With action -1.01%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -65.69%, with the 5-day performance at -1.01% in the red. However, in the 30-day time frame, Service Properties Trust (NASDAQ:SVC) is -36.58% down. Looking at the short shares, we see there were 6.94 million shares sold at short interest cover period of 6.51 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 63.38% from its current market value. According to analyst projections, SVC’s forecast low is 4 with 8.5 as the target high. To hit the forecast high, the stock’s price needs a -190.1% plunge from its current level, while the stock would need to soar -36.52% for it to hit the projected low.
Service Properties Trust (SVC) estimates and forecasts
Data shows that the Service Properties Trust share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -50.09% over the past 6 months, a -27.11% in annual growth rate that is considerably lower than the industry average of -3.60%. Year-over-year growth is forecast to reach -0.30% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 438.83M. 3 analysts are of the opinion that Service Properties Trust’s revenue for the current quarter will be 418.62M. The company’s revenue for the corresponding quarters a year ago was 444.05M and 427.75M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.20%. The estimates for the next quarter sales put growth at -2.10%.
The 2024 estimates are for Service Properties Trust earnings to decrease by -600.00%.
SVC Dividends
Service Properties Trust is expected to release its next quarterly earnings report in December. The 20.82% annual yield figure for the share gives it an annual dividend of 0.61. It is important to note, however, that the 20.82% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 7.85 per year.
Service Properties Trust (NASDAQ:SVC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.61% of Service Properties Trust shares while 79.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.60%. There are 79.01% institutions holding the Service Properties Trust stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 18.6821% of the shares, roughly 30.85 million SVC shares worth $158.59 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 16.0197% or 26.46 million shares worth $135.99 million as of 2024-06-30.
