Seven Hills Realty Trust (SEVN) To Go Ex-Dividend on October 27th

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Thursday, October 9th, RTT News reports. Shareholders of record on Monday, October 27th will be paid a dividend of 0.28 per share on Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend is Monday, October 27th.

Seven Hills Realty Trust has a payout ratio of 103.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Seven Hills Realty Trust Price Performance

Shares of SEVN stock opened at $10.90 on Friday. The company’s fifty day simple moving average is $10.60 and its two-hundred day simple moving average is $11.18. Seven Hills Realty Trust has a 1 year low of $9.88 and a 1 year high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Wednesday, April 27th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $2.00 million for the quarter.

Analyst Ratings Changes

A number of brokerages have issued reports on SEVN. Zacks Research raised shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Jones Trading lowered their target price on shares of Seven Hills Realty Trust from $15.00 to $12.50 and set a “buy” rating on the stock in a report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Seven Hills Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

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.