8.60 +0.22 (2.63%)
Pre-Market: 8:11AM EDT
Commodity Channel Index
|Bid||8.48 x 1800|
|Ask||9.30 x 800|
|Day's Range||7.66 - 8.43|
|52 Week Range||3.59 - 26.28|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 07, 2020 - Aug 11, 2020|
|Forward Dividend & Yield||1.63 (22.03%)|
|Ex-Dividend Date||Apr 20, 2020|
|1y Target Est||8.67|
Service Properties Trust (Nasdaq: SVC) today announced that it has priced an underwritten public offering of $800 million aggregate principal amount of 7.50% unsecured senior notes due 2025 guaranteed by certain of SVC’s subsidiaries. The settlement of this offering is expected to occur on June 17, 2020, subject to the satisfaction of customary closing conditions. SVC expects to use the net proceeds from this offering to repay amounts outstanding under its revolving credit facility.
Service Properties Trust (Nasdaq: SVC), or SVC, a Maryland real estate investment trust, or REIT, announced today that it has increased the principal amount of its outstanding $400,000,000 aggregate principal amount of 4.25% Senior Notes due 2021 (CUSIP No. 44106M AU6), or the Notes, that it can purchase under its previously announced tender offer, or the Offer, from $100,000,000 to $350,000,000, or as amended by this press release, the Tender Cap, subject to the conditions set forth in the Offer to Purchase, dated June 2, 2020 (as amended or supplemented from time to time), or the Offer to Purchase. Except as stated, all other terms and conditions of the Offer, as described in the Offer to Purchase, will remain the same.
Service Properties Trust (Nasdaq: SVC), or SVC, a Maryland real estate investment trust, or REIT, announced today that it has commenced a cash tender offer, or the Offer, to purchase up to $100,000,000 of its outstanding $400,000,000 aggregate principal amount of 4.25% Senior Notes due 2021 (CUSIP No. 44106M AU6), or the Notes.
Service Properties Trust (Nasdaq: SVC) today announced that it has commenced an underwritten public offering of senior unsecured notes. SVC expects to use the net proceeds from this offering to repay amounts outstanding under its revolving credit facility.
Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Vice President Todd Hargreaves will be presenting at Nareit REITweek: 2020 Virtual Investor Conference on Tuesday, June 2, 2020 at 2:50 p.m. Eastern Time.
Service Properties Trust (Nasdaq: SVC) today announced that it has completed the sale of a 674,143 square foot property located at 555 Turnpike Street, Canton, MA for $51 million, excluding closing costs. The proceeds from the sale will be used for the repayment of debt.
Grain Management, LLC ("Grain"), a leading Washington, D.C.-based investment firm focused on the global communications sector, announced today that industry financier and operator Ricardo J. Rodriguez has been named a Principal on the firm's Investment Team, broadening the platforms origination, execution, and value creation engine. Grain also announced that it has named Stephanie M. Phillipps as a Senior Advisor on the Firm's Board, which now includes six members.
Celebrations may be in order for Service Properties Trust (NASDAQ:SVC) shareholders, with the analysts delivering a...
One of the biggest stories of last week was how Service Properties Trust (NASDAQ:SVC) shares plunged 24% in the week...
Service Properties Trust (Nasdaq: SVC) announced today that its annual meeting of shareholders scheduled for June 10, 2020 (the "Annual Meeting") will be held by Internet webcast in order to mitigate potential risks to the health and safety of SVC’s shareholders, service providers, personnel and other stakeholders arising from the public health impact of the coronavirus outbreak (COVID-19).
Service Properties Trust (Nasdaq: SVC) today announced that it has amended the credit agreement governing its $1 billion unsecured revolving credit facility and $400 million unsecured term loan. The amendment provides for a waiver of certain of the financial covenants under its credit agreement through March 31, 2021, during which, subject to certain conditions, SVC will continue to have access to undrawn amounts under the credit facility. In return for temporary covenant relief and continued access to undrawn amounts under its credit facility, SVC agreed to the following temporary changes to its credit facility through March 31, 2021:
Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2020 results before the Nasdaq opens on Monday, May 11, 2020. Later that morning, at 10:00 a.m. Eastern Time, President and Chief Executive Officer John Murray, Chief Financial Officer Brian Donley and Vice President Todd Hargreaves will host a conference call to discuss these results.
Service Properties Trust (Nasdaq: SVC) today announced that due to the uncertainty from the rapidly evolving COVID-19 (coronavirus) pandemic on the U.S. economy generally and the lodging industry in particular, SVC is undertaking significant efforts to address the operating and financial impact of the current crisis. The decline in hotel occupancy caused by this pandemic has been dramatic and the duration and severity of its impact on the U.S. economy is unknown. COVID-19 protocols implemented by state and local governments have also impacted certain industries where some of SVC’s net lease tenants operate, such as casual dining establishments and movie theaters.
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Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]