Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) announced a quarterly dividend on Thursday, July 9th. Investors of record on Monday, July 20th will be paid a dividend of 0.28 per share on Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Monday, July 20th.
Seven Hills Realty Trust has a payout ratio of 83.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.
Seven Hills Realty Trust Stock Down 0.8%
NASDAQ SEVN opened at $8.29 on Friday. Seven Hills Realty Trust has a 52 week low of $7.90 and a 52 week high of $12.32. The firm’s 50-day simple moving average is $8.40 and its two-hundred day simple moving average is $8.54.
Wall Street Analyst Weigh In
Several research analysts recently commented on SEVN shares. UBS Group assumed coverage on shares of Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price objective for the company. Zacks Research raised shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.38.
Get Our Latest Analysis on Seven Hills Realty Trust
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.
Further Reading
- Five stocks we like better than Seven Hills Realty Trust
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Receive News & Ratings for Seven Hills Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seven Hills Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
