Seven Hills Realty Trust (NASDAQ:SEVN) Declares 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 annualized dividend and a dividend yield of 10.56%. The ex-dividend date of this dividend is Monday, January 27th.

Seven Hills Realty Trust has increased its dividend payment by an average of 58.1% per year over the last three years. Seven Hills Realty Trust has a 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 Up 0.8 %

Shares of Seven Hills Realty Trust stock opened at $13.26 on Friday. The company has a 50-day moving average of $13.03 and a two-hundred day moving average of $13.34. Seven Hills Realty Trust has a 12-month low of $11.23 and a 12-month 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 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 period in the prior year, the firm posted $0.36 earnings per share.

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.