Seven Hills Realty Trust (NASDAQ:SEVN) Releases Quarterly Earnings Results, Hits Expectations

Seven Hills Realty Trust (NASDAQ:SEVN) issued its quarterly earnings data on Tuesday. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24, Zacks reports.

Seven Hills Realty Trust Stock Performance

Shares of Seven Hills Realty Trust stock traded down $0.01 during trading hours on Tuesday, reaching $6.25. The stock had a trading volume of 158,655 shares, compared to its average volume of 136,955. Seven Hills Realty Trust has a 1 year low of $5.98 and a 1 year high of $10.17. The firm has a 50 day simple moving average of $7.15 and a two-hundred day simple moving average of $8.08.

Seven Hills Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 17.9%. The ex-dividend date is Monday, October 19th. Seven Hills Realty Trust’s dividend payout ratio is presently 95.97%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JonesTrading reaffirmed a “buy” rating and issued a $10.00 price target on shares of Seven Hills Realty Trust in a report on Wednesday, July 29th. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $10.50 target price on shares of Seven Hills Realty Trust in a research report on Tuesday, September 1st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Seven Hills Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $10.12.

Seven Hills Realty Trust Company Profile

Seven Hills Realty Trust (NASDAQ: SEVN) is a real estate investment trust focused on originating and investing in senior mortgage loans secured by commercial real estate properties. The company primarily provides financing to owners and operators of middle-market and transitional properties, seeking to generate income from interest payments and other loan-related returns.

Its investments are generally backed by properties such as office buildings, industrial facilities, multifamily housing, hotels and other commercial real estate.