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

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

Seven Hills Realty Trust Stock Down 0.2%

Shares of NASDAQ SEVN opened at $6.25 on Wednesday. Seven Hills Realty Trust has a twelve month low of $5.98 and a twelve month high of $10.17. The business has a fifty day simple moving average of $7.13 and a two-hundred day simple moving average of $8.07.

Seven Hills Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be given 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 payout ratio is 95.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SEVN shares. 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. Citizens Jmp reissued 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. Finally, Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Five 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.