Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06, Zacks reports. The business had revenue of $8.86 million for the quarter, compared to analysts’ expectations of $9.80 million. During the same period last year, the business earned $0.36 earnings per share.
Seven Hills Realty Trust Stock Up 0.7 %
Shares of SEVN stock traded up $0.09 during mid-day trading on Wednesday, hitting $12.54. The company’s stock had a trading volume of 53,711 shares, compared to its average volume of 70,596. Seven Hills Realty Trust has a 52-week low of $10.24 and a 52-week high of $14.66. The business has a 50-day moving average price of $13.87 and a 200 day moving average price of $13.17.
Seven Hills Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.16%. The ex-dividend date of this dividend is Monday, October 28th. Seven Hills Realty Trust’s payout ratio is 71.98%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Seven Hills Realty Trust
Seven Hills Realty Trust Company Profile
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.
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