SERVICE PROPERTIES TRUST Earnings Results: $SVC Reports Quarterly Earnings
Earnings Report: SERVICE PROPERTIES TRUST reported earnings of $0.07 per share, significantly beating estimates of -$0.52, but missed revenue expectations with $435.18 million against a forecast of $436.30 million.
Investor Activity: In the last quarter, 117 institutional investors increased their holdings in SERVICE PROPERTIES TRUST, while 136 reduced their positions; analysts have issued mixed ratings with no buy recommendations and one sell rating.
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Severe EPS Downgrades Signal Distress for REITs, SVC and LINE Among Most Affected
- EPS Downgrade Warning: Several real estate stocks are facing negative earnings per share (EPS) revisions, with Service Properties Trust (SVC) and Lineage, Inc. (LINE) among the most severely affected, indicating a decline in future profitability that could lead to stock price drops.
- Rating Distribution: Companies like Alexandria Real Estate Equities (ARE) and Chatham Lodging Trust (CLDT) are rated F for EPS revisions, highlighting significant underlying weaknesses that warrant caution from investors.
- Market Reaction: The severity of EPS downgrades often reflects potential fundamental issues within companies, leading to lowered investor expectations for future performance and potentially diminishing overall confidence in the real estate sector.
- Quantitative Rating Impact: The Seeking Alpha Quant ratings provide additional context, with SVC's rating at a mere 1.10, indicating its relative disadvantage in the market and prompting investors to closely monitor its future performance.
Service Properties Trust (SVC) Declares $0.01 Quarterly Dividend with 1.9% Yield
- Quarterly Dividend Announcement: Service Properties Trust (SVC) declares a $0.01 quarterly dividend, consistent with previous distributions, reflecting the company's ongoing ability to maintain stable cash flows despite a modest yield of 1.9%.
- Dividend Payment Schedule: The dividend is payable on February 19, with a record date of January 26 and an ex-dividend date also on January 26, ensuring shareholders receive timely returns and bolstering investor confidence.
- Investor Interest: Service Properties Trust is perceived as substantially undervalued, increasing market interest in its future growth potential, which may attract more investors looking for dividend income and capital appreciation opportunities.
- Financial Transparency: The company provides a dividend scorecard, yield chart, and historical earnings data, enhancing investors' understanding of its financial health and further stimulating market interest in its stock.
Unusual Volume Noted for RWO ETF on Wednesday
ETF Performance: The ETF with the highest volume on Wednesday included Healthpeak Properties, which fell by 3.4% with over 3.6 million shares traded, and Alexandria Real Estate Equities, down 7.4% on more than 2.7 million shares.
Top Performer: Service Properties Trust was the best-performing component of the ETF on Wednesday, increasing by approximately 3.7%.
Volume Insights: The unusual trading volume highlights significant market activity for these real estate investment trusts.
Author's Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Summit Hotel Properties (INN) Exceeds Q3 FFO Projections
Quarterly Performance: Summit Hotel Properties reported quarterly funds from operations (FFO) of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14, but down from $0.22 per share a year ago. The company has surpassed consensus FFO estimates in all four quarters over the past year.
Revenue Insights: The company generated revenues of $177.12 million for the quarter, slightly missing the Zacks Consensus Estimate by 0.69%, and has only topped revenue estimates once in the last four quarters.
Stock Performance and Outlook: Summit Hotel Properties shares have declined by 23.8% year-to-date, contrasting with the S&P 500's 16.5% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Industry Context: The REIT and Equity Trust - Other industry is ranked in the top 35% of Zacks industries, suggesting a favorable outlook. Additionally, Service Properties Trust, another company in the same sector, is set to report its quarterly results soon, with expectations of a significant year-over-year earnings decline.
Wells Fargo Adjusts Service Properties Trust Rating to Equal-Weight and Reduces Price Target to $2.5
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TSLZ, REAI: Significant Withdrawals from ETFs
ETF Outflow Details: The Intelligent Real Estate ETF experienced the largest outflow, losing 50,000 units, which is a 40.0% decline in outstanding units compared to the previous week.
Market Performance of Components: In morning trading, Plymouth Industrial REIT saw a decrease of about 0.5%, while Service Properties Trust increased by approximately 1.1%.
Severe EPS Downgrades Signal Distress for REITs, SVC and LINE Among Most Affected
- EPS Downgrade Warning: Several real estate stocks are facing negative earnings per share (EPS) revisions, with Service Properties Trust (SVC) and Lineage, Inc. (LINE) among the most severely affected, indicating a decline in future profitability that could lead to stock price drops.
- Rating Distribution: Companies like Alexandria Real Estate Equities (ARE) and Chatham Lodging Trust (CLDT) are rated F for EPS revisions, highlighting significant underlying weaknesses that warrant caution from investors.
- Market Reaction: The severity of EPS downgrades often reflects potential fundamental issues within companies, leading to lowered investor expectations for future performance and potentially diminishing overall confidence in the real estate sector.
- Quantitative Rating Impact: The Seeking Alpha Quant ratings provide additional context, with SVC's rating at a mere 1.10, indicating its relative disadvantage in the market and prompting investors to closely monitor its future performance.
Service Properties Trust (SVC) Declares $0.01 Quarterly Dividend with 1.9% Yield
- Quarterly Dividend Announcement: Service Properties Trust (SVC) declares a $0.01 quarterly dividend, consistent with previous distributions, reflecting the company's ongoing ability to maintain stable cash flows despite a modest yield of 1.9%.
- Dividend Payment Schedule: The dividend is payable on February 19, with a record date of January 26 and an ex-dividend date also on January 26, ensuring shareholders receive timely returns and bolstering investor confidence.
- Investor Interest: Service Properties Trust is perceived as substantially undervalued, increasing market interest in its future growth potential, which may attract more investors looking for dividend income and capital appreciation opportunities.
- Financial Transparency: The company provides a dividend scorecard, yield chart, and historical earnings data, enhancing investors' understanding of its financial health and further stimulating market interest in its stock.
Unusual Volume Noted for RWO ETF on Wednesday
ETF Performance: The ETF with the highest volume on Wednesday included Healthpeak Properties, which fell by 3.4% with over 3.6 million shares traded, and Alexandria Real Estate Equities, down 7.4% on more than 2.7 million shares.
Top Performer: Service Properties Trust was the best-performing component of the ETF on Wednesday, increasing by approximately 3.7%.
Volume Insights: The unusual trading volume highlights significant market activity for these real estate investment trusts.
Author's Disclaimer: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Summit Hotel Properties (INN) Exceeds Q3 FFO Projections
Quarterly Performance: Summit Hotel Properties reported quarterly funds from operations (FFO) of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14, but down from $0.22 per share a year ago. The company has surpassed consensus FFO estimates in all four quarters over the past year.
Revenue Insights: The company generated revenues of $177.12 million for the quarter, slightly missing the Zacks Consensus Estimate by 0.69%, and has only topped revenue estimates once in the last four quarters.
Stock Performance and Outlook: Summit Hotel Properties shares have declined by 23.8% year-to-date, contrasting with the S&P 500's 16.5% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Industry Context: The REIT and Equity Trust - Other industry is ranked in the top 35% of Zacks industries, suggesting a favorable outlook. Additionally, Service Properties Trust, another company in the same sector, is set to report its quarterly results soon, with expectations of a significant year-over-year earnings decline.
Wells Fargo Adjusts Service Properties Trust Rating to Equal-Weight and Reduces Price Target to $2.5
- Real-time Intelligence: Benzinga Pro offers the fastest news alerts to help traders stay informed and make winning trades in the stock market.
- Exclusive Community: Joining Benzinga Pro connects users with over 10,000 serious traders and provides access to exclusive stories and insights from Benzinga reporters.
TSLZ, REAI: Significant Withdrawals from ETFs
ETF Outflow Details: The Intelligent Real Estate ETF experienced the largest outflow, losing 50,000 units, which is a 40.0% decline in outstanding units compared to the previous week.
Market Performance of Components: In morning trading, Plymouth Industrial REIT saw a decrease of about 0.5%, while Service Properties Trust increased by approximately 1.1%.
