Seven Hills Realty Trust (NASDAQ:SEVN) Releases Earnings Results, Hits Estimates

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

Seven Hills Realty Trust Stock Performance

SEVN traded down $0.01 during trading on Tuesday, reaching $6.25. 159,155 shares of the company were exchanged, compared to its average volume of 136,955. Seven Hills Realty Trust has a 12-month low of $5.98 and a 12-month high of $10.17. The company’s 50-day moving average is $7.15 and its two-hundred day moving average is $8.08.

Seven Hills Realty Trust Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, October 19th. This represents a $1.12 dividend on an annualized basis and a yield of 17.9%. Seven Hills Realty Trust’s dividend payout ratio is 95.97%.

Analyst Upgrades and Downgrades

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

Seven Hills Realty Trust Company Profile

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.