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

Posted by Matthew Steigler on Oct 17th, 2024

Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) declared a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors 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 by an average of 30.5% annually 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 Performance

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

Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) last released its 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 firm had revenue of $9.38 million for the quarter.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. JMP Securities lifted their price target on shares of Seven Hills Realty Trust from $13.50 to $14.00 and gave the company a “market outperform” rating in a report on Thursday, June 27th. Janney Montgomery Scott began coverage on shares of Seven Hills Realty Trust in a report on Friday, August 2nd. They issued a “buy” rating and a $15.00 target price on the stock.

Check Out Our Latest Stock Analysis on Seven Hills Realty Trust

Seven Hills Realty Trust Company Profile

(Get Free Report)

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.