Seven Hills Realty Trust (NASDAQ:SEVN) Declares $0.35 Quarterly Dividend

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 10.65%.

Seven Hills Realty Trust has raised its dividend by an average of 58.1% annually over the last three years. Seven Hills Realty Trust has a 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 fall.

Seven Hills Realty Trust Price Performance

SEVN stock opened at $13.15 on Friday. Seven Hills Realty Trust has a 12 month low of $11.23 and a 12 month high of $14.66. The firm has a 50 day simple moving average of $13.02 and a 200 day simple moving average of $13.33.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $8.86 million for the quarter, compared to analyst estimates of $9.80 million. During the same quarter last year, the company posted $0.36 EPS.

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.