Seven Hills Realty Trust (NASDAQ:SEVN) to Issue Quarterly Dividend of $0.35

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, April 10th, RTT News reports. Shareholders of record on Tuesday, April 22nd will be paid a dividend of 0.35 per share on Thursday, May 15th. This represents a $1.40 annualized dividend and a yield of 12.86%.

Seven Hills Realty Trust has increased its dividend by an average of 32.3% annually over the last three years. Seven Hills Realty Trust has a payout ratio of 97.9% 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 Trading Down 5.6 %

Shares of SEVN stock traded down $0.65 on Thursday, hitting $10.89. The company had a trading volume of 45,754 shares, compared to its average volume of 68,452. The stock’s 50-day moving average is $12.66 and its two-hundred day moving average is $13.06. Seven Hills Realty Trust has a twelve month low of $10.18 and a twelve month high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $7.68 million for the quarter, compared to analysts’ expectations of $8.29 million.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market outperform” rating and issued a $14.50 target price on shares of Seven Hills Realty Trust in a report on Thursday.

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.