Seven Hills Realty Trust (SEVN) To Go Ex-Dividend on October 19th

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Thursday, October 8th. Stockholders of record on Monday, October 19th will be paid 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 16.5%. The ex-dividend date is Monday, October 19th.

Seven Hills Realty Trust has a dividend payout ratio of 103.7% 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 Price Performance

Shares of Seven Hills Realty Trust stock traded down $0.11 on Friday, hitting $6.79. The stock had a trading volume of 241,321 shares, compared to its average volume of 132,963. Seven Hills Realty Trust has a twelve month low of $6.70 and a twelve month high of $10.91. The business’s 50 day moving average is $7.33 and its two-hundred day moving average is $7.94.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate 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.

Hedge Funds Weigh In On Seven Hills Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. bought a new stake in shares of Seven Hills Realty Trust during the 4th quarter valued at $37,000. Deutsche Bank AG bought a new position in shares of Seven Hills Realty Trust in the second quarter worth $156,000. Bank of America Corp DE bought a new position in shares of Seven Hills Realty Trust in the second quarter worth $169,000. Sei Investments Co. lifted its position in Seven Hills Realty Trust by 100.5% during the first quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock worth $187,000 after purchasing an additional 11,400 shares during the period. Finally, Odyssean LLC lifted its position in Seven Hills Realty Trust by 289.2% during the second quarter. Odyssean LLC now owns 41,973 shares of the company’s stock worth $354,000 after purchasing an additional 31,189 shares during the period.

About Seven Hills Realty Trust

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.