Seven Hills Realty Trust (NASDAQ:SEVN) Announces Earnings Results, Beats Expectations By $0.06 EPS

Seven Hills Realty Trust (NASDAQ:SEVN) announced its quarterly earnings data on Monday. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06, Zacks reports. The business had revenue of $8.86 million during the quarter, compared to analysts’ expectations of $9.80 million. During the same period last year, the company posted $0.36 EPS.

Seven Hills Realty Trust Stock Up 0.4 %

Shares of SEVN stock traded up $0.05 on Wednesday, hitting $12.50. 54,265 shares of the stock traded hands, compared to its average volume of 70,613. Seven Hills Realty Trust has a 52 week low of $10.24 and a 52 week high of $14.66. The firm has a 50 day simple moving average of $13.87 and a two-hundred day simple moving average of $13.17.

Seven Hills Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 11.20%. The ex-dividend date is Monday, October 28th. Seven Hills Realty Trust’s dividend payout ratio is presently 71.98%.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott assumed coverage on shares of Seven Hills Realty Trust in a research note on Friday, August 2nd. They set a “buy” rating and a $15.00 target price on the stock.

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.