Font: Financial Modeling Prep • Jul 08, 2026
Service Properties Trust (NASDAQ: SVC) is a real estate investment trust, or REIT. The company owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States, Canada, and Puerto Rico. Its primary business is generating income from these properties through long-term leases.
On July 7, 2026, Service Properties Trust enacted a 5-for-1 reverse stock split. A reverse stock split reduces the number of a company's outstanding shares in the market. This action increases the price per share but does not change the company's total market value or an investor's ownership percentage.
As a result of the split, the number of Service Properties Trust's outstanding common shares was reduced from approximately 647.7 million to around 129.5 million. The company's shares began trading on a split-adjusted basis on the Nasdaq at the market open on July 7, 2026, under the same ticker symbol.
As highlighted by Business Wire, the action affects all shareholders proportionally, with cash paid for any fractional shares. Additionally, the company's regular quarterly cash distribution is expected to remain at a rate of $0.05 per share, which on a split-adjusted basis, represents a five-fold increase in the dividend per share.
Currently, Service Properties Trust is trading at a price of $8.57, with a 52-week range between a low of $5.65 and a high of $15.40. The company has a market capitalization of approximately $284.79 million, with a daily trading volume of around 2.46 million shares.
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