Seven Hills Realty Trust Declares Quarterly Dividend of $0.28 (NASDAQ:SEVN)

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Thursday, January 15th. Investors 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 dividend payout ratio of 93.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Seven Hills Realty Trust Stock Up 1.4%

SEVN stock traded up $0.13 during trading on Thursday, reaching $9.14. The stock had a trading volume of 72,357 shares, compared to its average volume of 100,298. The stock’s 50 day moving average is $8.91 and its two-hundred day moving average is $10.08. Seven Hills Realty Trust has a 52 week low of $8.30 and a 52 week high of $13.97.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jones Trading reissued a “buy” rating and set a $12.50 price objective on shares of Seven Hills Realty Trust in a research report on Tuesday, October 28th. Zacks Research raised Seven Hills Realty Trust to a “hold” rating in a report on Friday, January 9th. LADENBURG THALM/SH SH started coverage on Seven Hills Realty Trust in a research report on Wednesday, January 7th. They issued a “buy” rating and a $10.00 price target for the company. Citizens Jmp decreased their price objective on 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. Finally, Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Seven Hills Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price 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.