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

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Monday, October 28th will be given a dividend of 0.35 per share on Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date is Monday, October 28th.

Seven Hills Realty Trust has increased its dividend payment by an average of 30.5% per year over the last three years. Seven Hills Realty Trust has a dividend payout ratio of 94.6% meaning 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 Up 1.5 %

NASDAQ:SEVN opened at $14.42 on Thursday. The business’s 50-day simple moving average is $13.71 and its 200-day simple moving average is $13.10. Seven Hills Realty Trust has a fifty-two week low of $10.14 and a fifty-two week high of $14.48.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $9.38 million during the quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SEVN. Janney Montgomery Scott assumed coverage on shares of Seven Hills Realty Trust in a research note on Friday, August 2nd. They issued a “buy” rating and a $15.00 target price for the company. JMP Securities upped their price objective on Seven Hills Realty Trust from $13.50 to $14.00 and gave the stock a “market outperform” rating in a research report on Thursday, June 27th.

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.