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.
IPO Year:
Exchange: NASDAQ
Website: svcreit.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/23/2023 | $8.00 | Hold | HSBC Securities |
| 4/22/2022 | $8.50 | Perform | Oppenheimer |
| 2/28/2022 | $15.00 → $13.00 | Buy | B. Riley Securities |
| 10/18/2021 | Equal Weight → Underweight | Wells Fargo | |
| 8/10/2021 | $15.00 | Neutral → Buy | B. Riley Securities |
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Service Properties Trust (NASDAQ:SVC), or SVC, today announced that Jesse Abair has been appointed as Vice President. Mr. Abair is a Vice President of The RMR Group (NASDAQ:RMR), where he leads a team responsible for the sourcing, underwriting, design, entitlement and leasing of all development projects managed by RMR. He has more than 15 years of experience in commercial real estate development. Prior to joining RMR in 2017, Mr. Abair was a partner at a Boston law firm, where he managed a comprehensive real estate practice that included assisting clients with land use regulation and development matters. About Service Properties Trust Service Properties Trust (NASDAQ:SVC) is a real es
Industrial Logistics Properties Trust (NASDAQ:ILPT) today announced that Brian E. Donley has been appointed as Chief Financial Officer and Treasurer, effective October 1, 2022. Mr. Donley has more than 25 years of commercial real estate experience, including expertise in corporate finance and reporting, mergers and acquisitions, capital market transactions and compliance. He has served in various finance and accounting leadership roles at The RMR Group (NASDAQ:RMR) since 1997 and has been promoted to a Senior Vice President of RMR, effective October 1, 2022. Mr. Donley also serves as Chief Financial Officer and Treasurer of Service Properties Trust (NASDAQ:SVC) and is a certified public ac
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 re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For Laurie B. Burns 81.9% Robert E. Cramer was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For Robert E. Cramer 78.9
Service Properties Trust (NASDAQ:SVC) today announced that Todd Hargreaves has been appointed as its President and Chief Investment Officer, effective April 1, 2022. Mr. Hargreaves has served as Vice President of SVC since 2019 and as Vice President and Chief Investment Officer of SVC since 2020. Mr. Hargreaves is also Senior Vice President of The RMR Group (NASDAQ:RMR), responsible for all real estate and real estate related acquisitions at RMR. Prior to joining RMR in 2010, Mr. Hargreaves worked at AIG Investments, where he was responsible for commercial real estate loan origination and asset management. He has more than 15 years of experience working in the commercial real estate indust
Service Properties Trust (NASDAQ:SVC) today announced the results of its 2021 Annual Meeting of Shareholders, which was held earlier today, as follows. Laurie B. Burns was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For Laurie B. Burns 76.0% William A. Lamkin was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Independent Trustee is as follows: Independent Trustee Percentage of Shares Voted For William A. Lamkin 65.7% Shareholders v
10-Q - Service Properties Trust (0000945394) (Filer)
8-K - Service Properties Trust (0000945394) (Filer)
8-K - Service Properties Trust (0000945394) (Filer)
8-K - Service Properties Trust (0000945394) (Filer)
8-K - Service Properties Trust (0000945394) (Filer)
FWP - Service Properties Trust (0000945394) (Subject)
10-Q - Service Properties Trust (0000945394) (Filer)
8-K - Service Properties Trust (0000945394) (Filer)
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HSBC Securities initiated coverage of Service Properties Trust with a rating of Hold and set a new price target of $8.00
Oppenheimer initiated coverage of Service Properties Trust with a rating of Perform and set a new price target of $8.50
B. Riley Securities reiterated coverage of Service Properties Trust with a rating of Buy and set a new price target of $13.00 from $15.00 previously
Wells Fargo downgraded Service Properties Trust from Equal Weight to Underweight
B. Riley Securities upgraded Service Properties Trust from Neutral to Buy and set a new price target of $15.00
B. Riley resumed coverage of Service Properties Trust with a rating of Neutral and set a new price target of $14.00
B. Riley Securities downgraded Service Properties Trust from Buy to Neutral and set a new price target of $14.00
B. Riley Securities upgraded Service Properties Trust from Neutral to Buy and set a new price target of $14.00
B. Riley upgraded Service Properties Trust from Neutral to Buy
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Reduces Quarterly Distribution to $0.01 Per Share; $127 Million in Annual Savings Will Increase Liquidity 114 Sonesta Managed Focused Service Hotels Expected to be Sold in 2025; SVC Expects to Use Net Sales Proceeds to Repay Debt Actions are Expected to Reduce Capital Expenditures and Leverage, Improve Portfolio Performance and Better Position SVC's Hotel Portfolio for the Long Term Service Properties Trust (NASDAQ:SVC) today announced that SVC's Board of Trustees has reduced SVC's regular quarterly cash distribution on its common shares from $0.20 per common share ($0.80 per share per year) to $0.01 per common share ($0.04 per share per year). The dividend reduction will result in $127
Service Properties Trust (NASDAQ:SVC) today announced that it will issue a press release containing its third quarter 2024 results after the Nasdaq closes on Wednesday, November 6, 2024. On Thursday, November 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prio
Service Properties Trust (NASDAQ:SVC) today announced its financial results for the quarter ended June 30, 2024, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806340280/en/ A conference call to discuss SVC's second quarter results will be held on Wednesday, August 7, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if calling from outside the United States and Canada); a pass code is not required. A replay will be availab
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). This distribution will be paid to SVC's common shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024. About Service Properties Trust Service Properties Trust (NASDAQ:SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of March 31, 2024, SVC owned 220 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majorit
Service Properties Trust (NASDAQ:SVC) today announced that it will issue a press release containing its second quarter 2024 results after the Nasdaq closes on Tuesday, August 6, 2024. On Wednesday, August 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior t
Service Properties Trust (NASDAQ:SVC) today announced its financial results for the quarter ended March 31, 2024, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507445673/en/ A conference call to discuss SVC's first quarter results will be held on Wednesday, May 8, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if calling from outside the United States and Canada); a pass code is not required. A replay will be available
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). This distribution will be paid to SVC's common shareholders of record as of the close of business on April 22, 2024 and distributed on or about May 16, 2024. About Service Properties Trust Service Properties Trust (NASDAQ:SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majori
Service Properties Trust (NASDAQ:SVC) today announced that it will issue a press release containing its first quarter 2024 results after the Nasdaq closes on Tuesday, May 7, 2024. On Wednesday, May 8, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of th
Service Properties Trust (NASDAQ:SVC) today announced its financial results for the quarter ended December 31, 2023, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240228927504/en/ A conference call to discuss SVC's fourth quarter results will be held on Thursday, February 29, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if calling from outside the United States and Canada); a pass code is not required. A replay will be a
Service Properties Trust (NASDAQ:SVC) today announced that it will issue a press release containing its fourth quarter 2023 results after the Nasdaq closes on Wednesday, February 28, 2024. On Thursday, February 29, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call.
Reduces Quarterly Distribution to $0.01 Per Share; $127 Million in Annual Savings Will Increase Liquidity 114 Sonesta Managed Focused Service Hotels Expected to be Sold in 2025; SVC Expects to Use Net Sales Proceeds to Repay Debt Actions are Expected to Reduce Capital Expenditures and Leverage, Improve Portfolio Performance and Better Position SVC's Hotel Portfolio for the Long Term Service Properties Trust (NASDAQ:SVC) today announced that SVC's Board of Trustees has reduced SVC's regular quarterly cash distribution on its common shares from $0.20 per common share ($0.80 per share per year) to $0.01 per common share ($0.04 per share per year). The dividend reduction will result in $127
Service Properties Trust (NASDAQ:SVC) today announced that it will issue a press release containing its third quarter 2024 results after the Nasdaq closes on Wednesday, November 6, 2024. On Thursday, November 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prio
Service Properties Trust (NASDAQ:SVC) today announced its financial results for the quarter ended June 30, 2024, which can be found at the Quarterly Results section of SVC's website at https://www.svcreit.com/investors/financial-information/default.aspx. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806340280/en/ A conference call to discuss SVC's second quarter results will be held on Wednesday, August 7, 2024 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-3720 or (412) 317-5434 (if calling from outside the United States and Canada); a pass code is not required. A replay will be availab
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). This distribution will be paid to SVC's common shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024. About Service Properties Trust Service Properties Trust (NASDAQ:SVC) is a real estate investment trust, or REIT, with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of March 31, 2024, SVC owned 220 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majorit
Service Properties Trust (NASDAQ:SVC) today announced that it will issue a press release containing its second quarter 2024 results after the Nasdaq closes on Tuesday, August 6, 2024. On Wednesday, August 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior t
Service Properties Trust (NASDAQ:SVC), or SVC, today announced that Jesse Abair has been appointed as Vice President. Mr. Abair is a Vice President of The RMR Group (NASDAQ:RMR), where he leads a team responsible for the sourcing, underwriting, design, entitlement and leasing of all development projects managed by RMR. He has more than 15 years of experience in commercial real estate development. Prior to joining RMR in 2017, Mr. Abair was a partner at a Boston law firm, where he managed a comprehensive real estate practice that included assisting clients with land use regulation and development matters. About Service Properties Trust Service Properties Trust (NASDAQ:SVC) is a real es
Service Properties Trust (NASDAQ:SVC) today announced that President and Chief Investment Officer Todd Hargreaves together with Treasurer and Chief Financial Officer Brian Donley will be presenting at Nareit's REITweek 2024 Investor Conference in New York, NY on Wednesday, June 5, 2024 at 10:15 a.m. Eastern Time. A live audio webcast of the presentation will be available in a listen-only mode on the company's website at https://www.svcreit.com/investors/events-and-presentations. Participants wanting to access the webcast should visit the company's website about 15 minutes before the start of the presentation. About Service Properties Trust SVC is a real estate investment trust with ov
Service Properties Trust (NASDAQ:SVC) today announced the pricing of its previously announced cash tender offer, or the Offer, to purchase any and all of its outstanding $350,000,000 aggregate principal amount of 4.50% Senior Notes due 2025 (CUSIP No. 44106MAT9), or the Notes. The terms and conditions of the Offer are described in an Offer to Purchase and Consent Solicitation Statement, dated May 15, 2024. The total consideration, or the Total Consideration, for the Notes is based on the yield to maturity of the applicable U.S. Treasury Security, or the Reference Yield, plus a fixed spread, as set forth in the table below. The Reference Yield (as determined pursuant to the Offer to Purcha
Service Properties Trust (NASDAQ:SVC) today announced the early tender results as of 5:00 p.m. Eastern Time on May 29, 2024, of its previously announced cash tender offer, or the Offer, to purchase any and all of its outstanding $350,000,000 aggregate principal amount of 4.50% Senior Notes due 2025 (CUSIP No. 44106MAT9), or the Notes, and a related consent solicitation, or the Consent Solicitation, for certain proposed amendments to the indenture governing the Notes, or the Indenture, as described below. The terms and conditions of the Offer and the Consent Solicitation are described in an Offer to Purchase and Consent Solicitation Statement, dated May 15, 2024. The following table sets f
Service Properties Trust (NASDAQ:SVC), or SVC, today announced that it has priced underwritten public offerings of $700.0 million of 8.375% Senior Guaranteed Unsecured Notes due 2029 and $500.0 million of 8.875% Senior Guaranteed Unsecured Notes due 2032. Both series of notes will be guaranteed by certain of SVC's subsidiaries. The settlement of the offerings is expected to occur on June 3, 2024, subject to the satisfaction of customary closing conditions. SVC expects to use the net proceeds from the offerings to redeem $800.0 million principal amount outstanding of its 7.50% senior unsecured notes due 2025, or the 7.50% Notes, and, together with cash on hand to the extent necessary, (1) to
Mortgage rates are on a steady decline as investors have cemented expectations for upcoming reductions in the federal funds rate, yet mortgage demand continues to depict challenges among homebuyers. The Mortgage Bankers Association has reported Wednesday that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) dropped by 5 basis points to 6.62% for the week ending July 19, 2024. This marks the lowest borrowing cost for home purchases since early February 2024. Despite the decline in mortgage rates, long-term Treasury yields remained stable last week. The 30-year Treasury yield has held steady between 4.20% and 4.25%
As of July 22, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. InvenTrust Properties Corp (NYSE:IVT) InvenTrust Properties will report its second quarter e
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the real estate sector. Brandywine Realty Trust (NYSE:BDN) Dividend Yield: 13.27% Truist Securities analyst Mic
B. Riley Securities analyst Bryan Maher maintains Service Properties Trust (NASDAQ:SVC) with a Buy and lowers the price target from $10 to $9.
Service Properties Trust (NASDAQ:SVC) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.19 by 31.58 percent. This is a 43.48 percent decrease over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $436.250 million which beat the analyst consensus estimate of $427.755 million by 1.99 percent. This is a 1.64 percent increase over sales of $429.209 million the same period last year.
Wells Fargo analyst Dori Kesten maintains Service Properties Trust (NASDAQ:SVC) with a Underweight and lowers the price target from $7.5 to $5.75.
B. Riley Securities analyst Bryan Maher maintains Service Properties Trust (NASDAQ:SVC) with a Buy and lowers the price target from $12 to $10.
Service Properties Trust (NASDAQ:SVC) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.36 by 13.89 percent. This is a 29.55 percent decrease over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $444.05 million which beat the analyst consensus estimate of $427.11 million by 3.97 percent. This is a 2.45 percent decrease over sales of $455.22 million the same period last year.
Companies Reporting Before The Bell • ICL Group (NYSE:ICL) is likely to report quarterly earnings at $0.08 per share on revenue of $1.69 billion. • Golden Ocean Group (NASDAQ:GOGL) is likely to report quarterly earnings at $0.27 per share on revenue of $193.12 million. • Wallbox (NYSE:WBX) is likely to report earnings for its fourth quarter. • Immunocore Hldgs (NASDAQ:IMCR) is estimated to report quarterly loss at $0.28 per share on revenue of $67.23 million. • Royal Bank of Canada (NYSE:RY) is likely to report quarterly earnings at $2.08 per share on revenue of $9.95 billion. • TG Therapeutics (NASDAQ:TGTX) is likely to report quarterly loss at $0.10 per share on revenue of $40.06 mil
Thursday marks the last chance for investors to receive the next dividend payout from Service Properties Trust (NASDAQ:SVC). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 20 cents per share. On Friday, Service Properties Trust will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SVC as of the end of Thursday's session are eligible to receive the