Service Properties Trust (NASDAQ:SVC) Announces Quarterly Dividend of $0.01

Service Properties Trust (NASDAQ:SVC) declared a quarterly dividend on Thursday, January 15th. Stockholders of record on Monday, January 26th will be given a dividend of 0.01 per share by the real estate investment trust on Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, January 26th.

Service Properties Trust has decreased its dividend by an average of 0.2%annually over the last three years. Service Properties Trust has a payout ratio of -3.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Service Properties Trust to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 3.5%.

Service Properties Trust Trading Up 2.4%

Shares of NASDAQ SVC opened at $2.15 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 5.68. The stock has a market capitalization of $361.39 million, a PE ratio of -1.29 and a beta of 1.47. Service Properties Trust has a twelve month low of $1.55 and a twelve month high of $3.08. The stock has a fifty day simple moving average of $1.84 and a 200-day simple moving average of $2.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SVC. Caxton Associates LLP purchased a new stake in shares of Service Properties Trust in the 3rd quarter valued at approximately $33,000. BNP Paribas Financial Markets lifted its position in shares of Service Properties Trust by 54.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 14,470 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 5,099 shares during the last quarter. Savant Capital LLC acquired a new position in shares of Service Properties Trust during the third quarter worth $37,000. Quadrature Capital Ltd increased its holdings in Service Properties Trust by 45.3% in the second quarter. Quadrature Capital Ltd now owns 17,911 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 5,588 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Service Properties Trust in the third quarter valued at $45,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

About Service Properties Trust

Service Properties Trust (NASDAQ: SVC) is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.

Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.