Seven Hills Realty Trust (SEVN) To Go Ex-Dividend on April 21st

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, April 9th. Stockholders of record on Tuesday, April 21st will be given a dividend of 0.28 per share on Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend is Tuesday, April 21st.

Seven Hills Realty Trust has a dividend payout ratio of 88.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Seven Hills Realty Trust Price Performance

NASDAQ:SEVN opened at $8.35 on Friday. Seven Hills Realty Trust has a twelve month low of $8.03 and a twelve month high of $12.86. The company’s 50-day moving average price is $8.50 and its 200-day moving average price is $9.05.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SEVN. Citizens Jmp cut their price objective on shares of Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating for the company in a research report on Tuesday, December 16th. Zacks Research upgraded shares of Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. JonesTrading cut their price objective on shares of Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Tuesday, December 16th. Finally, LADENBURG THALM/SH SH began coverage on shares of Seven Hills Realty Trust in a research report on Wednesday, January 7th. They set a “buy” rating and a $10.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

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.