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

Posted by Grant Hamersma on Aug 1st, 2024

Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) issued its earnings results on Monday. The company reported $0.38 earnings per share for the quarter, topping 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 Performance

NASDAQ:SEVN traded down $0.10 during trading hours on Wednesday, reaching $13.39. The stock had a trading volume of 52,352 shares, compared to its average volume of 72,833. The company has a 50 day moving average price of $12.78 and a two-hundred day moving average price 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 Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on SEVN. Jonestrading reiterated a “buy” rating and set a $15.00 target price on shares of Seven Hills Realty Trust in a research report on Tuesday, April 30th. JMP Securities lifted their price objective on shares of Seven Hills Realty Trust from $13.50 to $14.00 and gave the company a “market outperform” rating in a research report on Thursday, June 27th.

View Our Latest Analysis on SEVN

About Seven Hills Realty Trust

(Get Free Report)

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.