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

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, July 9th. Stockholders of record on Monday, July 20th will be given a dividend of 0.28 per share on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date is Monday, July 20th.

Seven Hills Realty Trust has a dividend payout ratio of 83.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Seven Hills Realty Trust Stock Performance

Shares of Seven Hills Realty Trust stock traded down $0.07 on Thursday, hitting $8.29. The stock had a trading volume of 96,429 shares, compared to its average volume of 113,540. The stock has a 50 day moving average of $8.39 and a 200 day moving average of $8.54. Seven Hills Realty Trust has a twelve month low of $7.90 and a twelve month high of $12.32.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its earnings results on Tuesday, April 28th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $8.34 million for the quarter, compared to analyst estimates of $8.65 million.

About Seven Hills Realty Trust

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.