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

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.35 per share on Thursday, February 20th. This represents a $1.40 annualized dividend and a dividend yield of 10.84%.

Seven Hills Realty Trust has raised 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% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Seven Hills Realty Trust Stock Up 1.0 %

Shares of NASDAQ:SEVN traded up $0.13 during midday trading on Thursday, reaching $12.91. The company’s stock had a trading volume of 3,575 shares, compared to its average volume of 40,438. Seven Hills Realty Trust has a twelve month low of $11.23 and a twelve month high of $14.66. The stock has a fifty day moving average of $13.02 and a 200 day moving average of $13.34.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Monday, October 28th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company earned $0.36 EPS.

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.