Seven Hills Realty Trust (NASDAQ:SEVN) Announces Quarterly Earnings Results

Seven Hills Realty Trust (NASDAQ:SEVN) posted its quarterly earnings data on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24, Zacks reports. The firm had revenue of $8.27 million during the quarter, compared to the consensus estimate of $8.69 million.

Seven Hills Realty Trust Stock Performance

SEVN opened at $6.25 on Wednesday. The company has a 50-day moving average price of $7.13 and a 200 day moving average price of $8.07. Seven Hills Realty Trust has a twelve month low of $5.98 and a twelve month high of $10.17.

Seven Hills Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 17.9%. The ex-dividend date of this dividend is Monday, October 19th. Seven Hills Realty Trust’s dividend payout ratio is presently 95.97%.

Analysts Set New Price Targets

Several brokerages recently commented on SEVN. Zacks Research raised Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. JonesTrading reissued a “buy” rating and issued a $10.00 target price on shares of Seven Hills Realty Trust in a report on Wednesday, July 29th. Finally, Citizens Jmp reissued 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.