Seven Hills Realty Trust (NASDAQ:SEVN) Posts Earnings Results, Beats Expectations By $0.05 EPS

Seven Hills Realty Trust (NASDAQ:SEVN) released its quarterly earnings results on Monday. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05, Zacks reports. The firm had revenue of $9.38 million during the quarter.

Seven Hills Realty Trust Stock Down 0.7 %

Shares of Seven Hills Realty Trust stock traded down $0.10 during trading on Wednesday, hitting $13.39. The company’s stock had a trading volume of 52,352 shares, compared to its average volume of 72,833. The company has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $12.77. Seven Hills Realty Trust has a 52 week low of $9.58 and a 52 week high of $14.33.

Seven Hills Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.40 annualized dividend and a yield of 10.46%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 71.98%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JMP Securities lifted their price objective on Seven Hills Realty Trust from $13.50 to $14.00 and gave the stock a “market outperform” rating in a research note on Thursday, June 27th. Jonestrading reiterated a “buy” rating and issued a $15.00 price objective on shares of Seven Hills Realty Trust in a research note on Tuesday, April 30th.

Seven Hills Realty Trust Company Profile

Seven Hills Realty Trust, a real estate investment trust, focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.