Seven Hills Realty Trust (NASDAQ:SEVN) Shareholders to Get $0.28 Quarterly Dividend

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, October 8th. Stockholders 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 dividend yield of 16.2%. The ex-dividend date of this dividend is Monday, October 19th.

Seven Hills Realty Trust has a 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 decline.

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ SEVN traded up $0.13 during trading on Thursday, reaching $6.92. The company had a trading volume of 114,232 shares, compared to its average volume of 131,952. Seven Hills Realty Trust has a twelve month low of $6.70 and a twelve month high of $10.91. The stock has a 50-day moving average price of $7.44 and a two-hundred day moving average price of $8.01.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates 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.

About Seven Hills Realty Trust

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.