Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Shareholders of record on Monday, October 28th will be paid a dividend of 0.35 per share on Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 9.87%. The ex-dividend date is Monday, October 28th.
Seven Hills Realty Trust has raised its dividend by an average of 30.5% annually 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 Price Performance
NASDAQ SEVN opened at $14.18 on Friday. The company has a 50 day simple moving average of $13.74 and a 200-day simple moving average of $13.11. Seven Hills Realty Trust has a 52-week low of $10.14 and a 52-week high of $14.48.
Wall Street Analysts Forecast Growth
Several analysts recently commented on SEVN shares. Janney Montgomery Scott started coverage on shares of Seven Hills Realty Trust in a report on Friday, August 2nd. They set a “buy” rating and a $15.00 price target for the company. JMP Securities lifted their target price on shares of 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.
Read Our Latest Report on SEVN
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.
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