Seven Hills Realty Trust (NASDAQ:SEVN) Issues Quarterly Earnings Results

Seven Hills Realty Trust (NASDAQ:SEVN) released its quarterly earnings results on Monday. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.33 by $0.05, Zacks reports. The company had revenue of $9.38 million for the quarter.

Seven Hills Realty Trust Stock Down 0.1 %

NASDAQ:SEVN traded down $0.02 during trading hours on Wednesday, hitting $13.47. The stock had a trading volume of 11,942 shares, compared to its average volume of 72,556. Seven Hills Realty Trust has a one year low of $9.58 and a one year high of $14.33. The business’s 50 day moving average is $12.78 and its 200-day moving average is $12.77.

Seven Hills Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date is Monday, July 22nd. Seven Hills Realty Trust’s dividend payout ratio is currently 71.98%.

Wall Street Analyst Weigh In

SEVN has been the topic of several research reports. JMP Securities raised their price target on 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. Jonestrading restated a “buy” rating and issued a $15.00 price target on shares of Seven Hills Realty Trust in a research report on Tuesday, April 30th.

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.