Seven Hills Realty Trust (NASDAQ:SEVN) Posts Earnings Results, Beats Estimates By $0.05 EPS

Seven Hills Realty Trust (NASDAQ:SEVN) posted its quarterly earnings data on Monday. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05, Zacks reports. The company had revenue of $9.38 million during the quarter.

Seven Hills Realty Trust Trading Up 1.0 %

Shares of SEVN stock opened at $13.49 on Wednesday. The stock has a 50 day simple moving average of $12.78 and a two-hundred day simple moving average of $12.77. Seven Hills Realty Trust has a fifty-two week low of $9.58 and a fifty-two week high of $14.33.

Seven Hills Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 10.38%. Seven Hills Realty Trust’s payout ratio is currently 71.98%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jonestrading reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Seven Hills Realty Trust in a research note on Tuesday, April 30th. JMP Securities lifted 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 note on Thursday, June 27th.

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.