Seven Hills Realty Trust (NASDAQ:SEVN) Issues Earnings Results, Meets Estimates

Seven Hills Realty Trust (NASDAQ:SEVN) issued its earnings results on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24, Zacks reports. The firm had revenue of $8.27 million during the quarter, compared to analysts’ expectations of $8.69 million.

Seven Hills Realty Trust Stock Up 6.2%

Shares of SEVN opened at $6.64 on Thursday. The business’s 50-day moving average is $7.11 and its two-hundred day moving average is $8.06. Seven Hills Realty Trust has a fifty-two week low of $5.98 and a fifty-two week high of $10.04.

Seven Hills Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 16.9%. The ex-dividend date of this dividend is Monday, October 19th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is currently 95.97%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SEVN. Zacks Research raised Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. JonesTrading reaffirmed a “buy” rating and set a $10.00 target price on shares of Seven Hills Realty Trust in a report on Wednesday, July 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $10.50 target price on shares of Seven Hills Realty Trust in a report on Tuesday, September 1st. Finally, Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Seven Hills Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $10.12.

Seven Hills Realty Trust Company Profile

Seven Hills Realty Trust (NASDAQ: SEVN) is a real estate investment trust focused on originating and investing in senior mortgage loans secured by commercial real estate properties. The company primarily provides financing to owners and operators of middle-market and transitional properties, seeking to generate income from interest payments and other loan-related returns.

Its investments are generally backed by properties such as office buildings, industrial facilities, multifamily housing, hotels and other commercial real estate.