Seven Hills Realty Trust (NASDAQ:SEVN) Plans Quarterly Dividend of $0.28

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, October 8th. Shareholders of record on Monday, October 19th will be given a dividend of $0.28 per share on Thursday, November 12th. This represents a $1.12 dividend on an annualized basis and a yield of 16.2%. The ex-dividend date is Monday, October 19th.

Seven Hills Realty Trust has a dividend payout ratio of 83.0% 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 Stock Up 1.9%

Shares of NASDAQ:SEVN opened at $6.92 on Friday. Seven Hills Realty Trust has a 52 week low of $6.70 and a 52 week high of $10.91. The business has a fifty day simple moving average of $7.43 and a 200-day simple moving average of $8.00.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $8.13 million during the quarter, compared to analyst estimates of $8.76 million.

Seven Hills Realty Trust Company Profile

Seven Hills Realty Trust (NASDAQ: SEVN) is a real estate investment trust focused on originating and investing in senior secured, floating-rate commercial real estate loans. The company generally provides financing to owners and investors of middle-market and transitional properties, seeking loans secured by first-priority mortgages on commercial real estate.

Its investment portfolio may include loans backed by a range of property types, such as office, industrial, multifamily, hotel, self-storage and other commercial assets.