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

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date is Monday, January 27th.

Seven Hills Realty Trust has raised its dividend 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% indicating that 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 Performance

Seven Hills Realty Trust stock opened at $13.87 on Friday. The business has a 50-day simple moving average of $13.08 and a 200 day simple moving average of $13.36. Seven Hills Realty Trust has a 52 week low of $11.23 and a 52 week high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $8.86 million for the quarter, compared to analysts’ expectations of $9.80 million. During the same period in the previous year, the firm posted $0.36 EPS.

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.