In today’s recent session, 0.89 million shares of the Service Properties Trust (NASDAQ:SVC) have been traded, and its beta is 2.22. Most recently the company’s share price was $2.56, and it changed around -$0.03 or -1.35% from the last close, which brings the market valuation of the company to $425.79M. SVC at last check was trading at a discount to its 52-week high of $8.72, offering almost -240.62% off that amount. The share price’s 52-week low was $2.47, which indicates that the recent value has risen by an impressive 3.52% since then. We note from Service Properties Trust’s average daily trading volume that its 10-day average is 2.34 million shares, with the 3-month average coming to 1.75 million.
Service Properties Trust stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 1 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended SVC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Service Properties Trust is expected to report earnings per share of -0.39 for the current quarter.
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Service Properties Trust (NASDAQ:SVC) trade information
Instantly SVC has been showing red trend so far today with a performance of -1.35% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.95 on recent trading dayincreased the stock’s daily price by 13.22%. The company’s shares are currently down -70.08% year-to-date, but still down -11.90% over the last five days. On the other hand, Service Properties Trust (NASDAQ:SVC) is -30.00% down in the 30-day period. We can see from the shorts that 5.82 million shares have been sold at a short interest cover period of 2.84 day(s).
The consensus price target as assigned by Wall Street analysts is $8, which translates to bulls needing to increase their stock price by 68.0% from its current value. Analyst projections state that SVC is forecast to be at a low of $4 and a high of $8.5.
Service Properties Trust (SVC) estimates and forecasts
Service Properties Trust share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -53.12 percent over the past six months and at a -31.93% annual growth rate that is well below the industry average of -3.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -50.00% in revenue this quarter, and will report an increase of 10.42% in the next quarter. The year-over-year growth rate is expected to be -0.27%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 443.89M in revenue for the current quarter. 3 analysts expect Service Properties Trust to make 418.62M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 444.05M and 436.25M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.04%. Forecasts for the next quarter put sales growth at -4.04%.
SVC Dividends
Service Properties Trust’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 23.87 percent and its annual dividend per share was 0.61. It is important to note, however, that the 23.87% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 7.85 per year.
Service Properties Trust (NASDAQ:SVC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.61% of Service Properties Trust shares, and 80.37% of them are in the hands of institutional investors. The stock currently has a share float of 86.06%. Service Properties Trust stock is held by 336.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 18.6821% of the shares, which is about 30.85 million shares worth $158.59 million.
VANGUARD GROUP INC, with 16.0197% or 26.46 million shares worth $135.99 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 10.54 shares worth $26.98 million, making up 6.32% of all outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held roughly 6.64 shares worth around $17.01 million, which represents about 3.99% of the total shares outstanding.
