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

Seven Hills Realty Trust (NASDAQ:SEVN) declared 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 yield of 10.84%.

Seven Hills Realty Trust has increased its dividend by an average of 58.1% 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 decline.

Seven Hills Realty Trust Stock Up 1.0 %

Shares of SEVN traded up $0.13 during midday trading on Thursday, reaching $12.91. The company had a trading volume of 3,575 shares, compared to its average volume of 40,438. Seven Hills Realty Trust has a 1-year low of $11.23 and a 1-year high of $14.66. The firm has a 50 day simple moving average of $13.02 and a 200-day simple moving average of $13.34.

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

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.