Seven Hills Realty Trust (NASDAQ:SEVN) Declares $0.28 Quarterly Dividend

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, July 9th. Stockholders of record on Monday, July 20th will be paid a dividend of 0.28 per share on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Monday, July 20th.

Seven Hills Realty Trust has a payout ratio of 83.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Seven Hills Realty Trust Price Performance

Shares of SEVN stock traded down $0.07 on Thursday, reaching $8.29. 96,429 shares of the company were exchanged, compared to its average volume of 113,540. The company has a 50-day moving average of $8.39 and a 200-day moving average of $8.54. Seven Hills Realty Trust has a one year low of $7.90 and a one year high of $12.32.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Tuesday, April 28th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $8.34 million during the quarter, compared to the consensus estimate of $8.65 million.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SEVN. Zacks Research upgraded Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. UBS Group assumed coverage on Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.38.

About Seven Hills Realty Trust

Seven Hills Realty Trust is a real estate investment trust that focuses on the ownership and operation of grocery-anchored neighborhood and community shopping centers. Established in October 2018 and trading on the NASDAQ under the symbol SEVN, the company targets retail properties that are anchored by essential retailers, including leading grocery chains and national discount operators. Its strategy centers on acquiring assets with strong tenant credit profiles and stable, long-term lease agreements.

The company’s portfolio spans multiple Sun Belt and Southeastern markets, with properties located in states such as Florida, Texas, North Carolina and Georgia.