Seven Hills Realty Trust (NASDAQ:SEVN) Posts Earnings Results, Meets Expectations

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

Seven Hills Realty Trust Trading Down 0.2%

SEVN stock traded down $0.01 during midday trading on Tuesday, reaching $6.25. 158,655 shares of the company’s stock traded hands, compared to its average volume of 136,955. The company 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 has a 1-year low of $5.98 and a 1-year high of $10.17.

Seven Hills Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Investors 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 yield of 17.9%. The ex-dividend date of this dividend is Monday, October 19th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is currently 95.97%.

Wall Street Analysts Forecast Growth

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

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.