Service Properties Trust stock dives after dividend cut, plan to sell 114 hotels

seekingalpha

2024-10-16

Service Properties Trust3.87%盘后

Supatman

Service Properties Trust (NASDAQ:SVC) stock plunged 19% in Wednesday morning trading after the REIT slashed its dividend to $0.01 per share and plans to sell about half of its hotel properties to boost its liquidity and pay down debt.

"Given the

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