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

Posted by Brian Wu on Aug 1st, 2024

Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) issued its quarterly earnings results 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 Stock Down 0.2 %

Shares of SEVN stock traded down $0.03 during mid-day trading on Wednesday, hitting $13.46. The company’s stock had a trading volume of 11,042 shares, compared to its average volume of 72,543. The business has a 50-day moving average price of $12.78 and a 200 day moving average price of $12.77. Seven Hills Realty Trust has a 52-week low of $9.58 and a 52-week high of $14.33.

Seven Hills Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 22nd will be given a $0.35 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.40 annualized dividend and a yield of 10.40%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 71.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SEVN shares. JMP Securities lifted their price objective on Seven Hills Realty Trust from $13.50 to $14.00 and gave the company a “market outperform” rating in a research note on Thursday, June 27th. Jonestrading reaffirmed 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.

View Our Latest Report on SEVN

About Seven Hills Realty Trust

(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.