Seven Hills Realty Trust (SEVN) to Issue Quarterly Dividend of $0.28 on May 14th

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Thursday, April 9th. Investors of record on Tuesday, April 21st will be paid a dividend of 0.28 per share on Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date is Tuesday, April 21st.

Seven Hills Realty Trust has a payout ratio of 108.9% meaning 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 NASDAQ:SEVN opened at $8.54 on Friday. The business has a 50-day moving average price of $8.46 and a 200 day moving average price of $8.96. Seven Hills Realty Trust has a 12-month low of $8.03 and a 12-month high of $12.86.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $7.30 million for the quarter, compared to analyst estimates of $7.34 million.

Seven Hills Realty Trust Company Profile

Seven Hills Realty Trust is a real estate investment trust that focuses on the ownership and operation of grocery-anchored neighborhood and community shopping centers. Established in October 2018 and trading on the NASDAQ under the symbol SEVN, the company targets retail properties that are anchored by essential retailers, including leading grocery chains and national discount operators. Its strategy centers on acquiring assets with strong tenant credit profiles and stable, long-term lease agreements.

The company’s portfolio spans multiple Sun Belt and Southeastern markets, with properties located in states such as Florida, Texas, North Carolina and Georgia.