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

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, October 8th. Investors of record on Monday, October 19th will be paid a dividend of $0.28 per share on Thursday, November 12th. This represents a $1.12 dividend on an annualized basis and a yield of 16.2%. The ex-dividend date is Monday, October 19th.

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 tumble.

Seven Hills Realty Trust Stock Performance

NASDAQ SEVN traded up $0.13 during trading hours on Thursday, hitting $6.92. The company had a trading volume of 114,232 shares, compared to its average volume of 131,952. The business has a 50 day moving average of $7.44 and a 200-day moving average of $8.01. Seven Hills Realty Trust has a 1-year low of $6.70 and a 1-year high of $10.91.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $8.13 million during the quarter, compared to analyst estimates of $8.76 million.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citizens Jmp restated a “market outperform” rating and issued a $10.50 price target on shares of Seven Hills Realty Trust in a research report on Tuesday, September 1st. Zacks Research raised Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Finally, JonesTrading restated a “buy” rating and set a $10.00 target price on shares of Seven Hills Realty Trust in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Seven Hills Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $10.12.

About Seven Hills Realty Trust

Seven Hills Realty Trust (NASDAQ: SEVN) is a real estate investment trust focused on originating and investing in senior secured, floating-rate commercial real estate loans. The company generally provides financing to owners and investors of middle-market and transitional properties, seeking loans secured by first-priority mortgages on commercial real estate.

Its investment portfolio may include loans backed by a range of property types, such as office, industrial, multifamily, hotel, self-storage and other commercial assets.