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

Seven Hills Realty Trust (NASDAQ:SEVN) issued its quarterly earnings data on Monday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06, Zacks reports. The firm had revenue of $8.86 million during the quarter, compared to analyst estimates of $9.80 million. During the same period last year, the business earned $0.36 EPS.

Seven Hills Realty Trust Stock Up 3.5 %

Shares of SEVN stock traded up $0.44 during mid-day trading on Wednesday, reaching $12.89. 122,422 shares of the company were exchanged, compared to its average volume of 70,938. Seven Hills Realty Trust has a fifty-two week low of $10.24 and a fifty-two week high of $14.66. The business’s 50 day simple moving average is $13.87 and its 200 day simple moving average is $13.17.

Seven Hills Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.86%. The ex-dividend date is Monday, October 28th. Seven Hills Realty Trust’s payout ratio is currently 71.98%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott initiated coverage on shares of Seven Hills Realty Trust in a research report on Friday, August 2nd. They issued a “buy” rating and a $15.00 price objective for the company.

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.