Seven Hills Realty Trust (SEVN) To Go Ex-Dividend on January 26th

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Thursday, January 15th. Stockholders of record on Monday, January 26th will be paid a dividend of 0.28 per share on Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend is Monday, January 26th.

Seven Hills Realty Trust has a payout ratio of 114.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Seven Hills Realty Trust Trading Up 0.1%

Shares of Seven Hills Realty Trust stock opened at $9.13 on Friday. Seven Hills Realty Trust has a 52-week low of $8.30 and a 52-week high of $13.97. The company’s 50-day simple moving average is $8.95 and its 200-day simple moving average is $9.93.

Analyst Ratings Changes

Several equities analysts have issued reports on SEVN shares. Jones Trading reiterated a “buy” rating and set a $12.50 target price on shares of Seven Hills Realty Trust in a research report on Tuesday, October 28th. LADENBURG THALM/SH SH began coverage on Seven Hills Realty Trust in a report on Wednesday, January 7th. They set a “buy” rating and a $10.00 price objective on the stock. Zacks Research upgraded Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Tuesday, December 16th. Finally, Citizens Jmp lowered their price target on shares of Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating on the stock in a research note on Tuesday, December 16th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.13.

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.