Seven Hills Realty Trust (SEVN) to Issue Quarterly Dividend of $0.35 on May 16th

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Investors of record on Monday, April 22nd will be given a dividend of 0.35 per share on Thursday, May 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date is Friday, April 19th.

Seven Hills Realty Trust has increased its dividend payment by an average of 30.5% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Seven Hills Realty Trust has a payout ratio of 97.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Seven Hills Realty Trust Price Performance

Shares of SEVN stock opened at $12.58 on Wednesday. The firm has a 50-day moving average price of $12.62 and a 200 day moving average price of $12.16. Seven Hills Realty Trust has a twelve month low of $9.01 and a twelve month high of $14.08.

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors have recently modified their holdings of SEVN. Vanguard Group Inc. lifted its position in Seven Hills Realty Trust by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 690,029 shares of the company’s stock valued at $8,929,000 after buying an additional 3,600 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Seven Hills Realty Trust during the 4th quarter valued at $846,000. Citigroup Inc. purchased a new stake in Seven Hills Realty Trust during the 3rd quarter worth $255,000. UBS Group AG increased its holdings in Seven Hills Realty Trust by 1,865.1% in the 3rd quarter. UBS Group AG now owns 15,210 shares of the company’s stock valued at $166,000 after purchasing an additional 14,436 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Seven Hills Realty Trust by 40.0% in the second quarter. Royal Bank of Canada now owns 17,477 shares of the company’s stock valued at $179,000 after purchasing an additional 4,990 shares during the period.

Analyst Ratings Changes

SEVN has been the topic of several recent analyst reports. Jonestrading reissued a “buy” rating and set a $15.00 price objective on shares of Seven Hills Realty Trust in a research note on Thursday, February 22nd. JMP Securities lifted their price objective on Seven Hills Realty Trust from $12.50 to $13.50 and gave the company a “market outperform” rating in a research report on Wednesday, February 21st.

Seven Hills Realty Trust Company Profile

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.