Seven Hills Realty Trust (SEVN) To Go Ex-Dividend on October 19th

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, October 8th. Investors of record on Monday, October 19th will be given a dividend of $0.28 per share on Thursday, November 12th. This represents a $1.12 dividend on an annualized basis and a yield of 16.2%. The ex-dividend date is Monday, October 19th.

Seven Hills Realty Trust has a payout ratio of 103.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Seven Hills Realty Trust Price Performance

SEVN opened at $6.90 on Friday. Seven Hills Realty Trust has a 12 month low of $6.70 and a 12 month high of $10.91. The business has a fifty day moving average price of $7.41 and a 200 day moving average price of $7.99.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $8.13 million during the quarter, compared to analysts’ expectations of $8.76 million.

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 secured, floating-rate commercial real estate loans. The company generally provides financing to owners and investors of middle-market and transitional properties, seeking loans secured by first-priority mortgages on commercial real estate.

Its investment portfolio may include loans backed by a range of property types, such as office, industrial, multifamily, hotel, self-storage and other commercial assets.