Seven Hills Realty Trust Declares Quarterly Dividend of $0.35 (NASDAQ:SEVN)

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Shareholders of record on Monday, April 22nd will be paid a dividend of 0.35 per share on Thursday, May 16th. This represents a $1.40 annualized dividend and a yield of 11.01%. The ex-dividend date of this dividend is Friday, April 19th.

Seven Hills Realty Trust has raised its dividend payment by an average of 30.5% annually over the last three years and has raised its dividend every year for the last 2 years. Seven Hills Realty Trust has a dividend payout ratio of 97.9% 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 1.1 %

Shares of SEVN stock opened at $12.72 on Thursday. The firm has a 50 day moving average of $12.62 and a 200-day moving average of $12.16. Seven Hills Realty Trust has a 52 week low of $9.01 and a 52 week high of $14.08.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jonestrading reaffirmed a “buy” rating and issued a $15.00 price target on shares of Seven Hills Realty Trust in a research note on Thursday, February 22nd. JMP Securities upped their price target on Seven Hills Realty Trust from $12.50 to $13.50 and gave the stock a “market outperform” rating in a research note on Wednesday, February 21st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new position in Seven Hills Realty Trust in the 4th quarter valued at about $27,000. UBS Group AG lifted its holdings in shares of Seven Hills Realty Trust by 230.9% in the first quarter. UBS Group AG now owns 3,160 shares of the company’s stock valued at $32,000 after purchasing an additional 2,205 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Seven Hills Realty Trust by 331.6% in the third quarter. BlackRock Inc. now owns 9,258 shares of the company’s stock valued at $84,000 after purchasing an additional 7,113 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Seven Hills Realty Trust during the first quarter valued at approximately $106,000. Finally, Royal Bank of Canada grew its holdings in Seven Hills Realty Trust by 40.0% during the second quarter. Royal Bank of Canada now owns 17,477 shares of the company’s stock worth $179,000 after buying an additional 4,990 shares in the last quarter.

About Seven Hills Realty Trust

Seven Hills Realty Trust, a real estate investment trust, focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.