Seven Hills Realty Trust (SEVN) to Issue Quarterly Dividend of $0.35 on February 20th

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, January 27th will be given a dividend of 0.35 per share on Thursday, February 20th. This represents a $1.40 annualized dividend and a dividend yield of 10.09%. The ex-dividend date is Monday, January 27th.

Seven Hills Realty Trust has increased its dividend payment by an average of 58.1% per year over the last three years. Seven Hills Realty Trust has a dividend payout ratio of 94.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Seven Hills Realty Trust Stock Up 2.1 %

SEVN opened at $13.87 on Friday. The company has a 50 day moving average of $13.08 and a 200 day moving average of $13.36. Seven Hills Realty Trust has a 12 month low of $11.23 and a 12 month high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $8.86 million during the quarter, compared to analysts’ expectations of $9.80 million. During the same quarter last year, the firm posted $0.36 earnings per share.

About Seven Hills Realty Trust

Seven Hills Realty Trust, a real estate investment trust, focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.