Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 9.87%. The ex-dividend date of this dividend is Monday, October 28th.
Seven Hills Realty Trust has increased its dividend payment by an average of 30.5% 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 decline.
Seven Hills Realty Trust Stock Down 1.7 %
NASDAQ:SEVN opened at $14.18 on Friday. The business’s 50-day moving average price is $13.74 and its 200 day moving average price is $13.11. Seven Hills Realty Trust has a 52-week low of $10.14 and a 52-week high of $14.48.
Analysts Set New Price Targets
A number of brokerages have recently commented on SEVN. JMP Securities increased 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 report on Thursday, June 27th. Janney Montgomery Scott assumed coverage on Seven Hills Realty Trust in a research report on Friday, August 2nd. They issued a “buy” rating and a $15.00 price target for the company.
Check Out Our Latest Research Report on Seven Hills Realty Trust
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.
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