Seven Hills Realty Trust (SEVN) To Go Ex-Dividend on July 20th

Seven Hills Realty Trust (NASDAQ:SEVN) announced a quarterly dividend on Thursday, July 9th. Stockholders of record on Monday, July 20th will be given a dividend of 0.28 per share on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 13.1%. The ex-dividend date of this dividend is Monday, July 20th.

Seven Hills Realty Trust has a payout ratio of 103.7% indicating that 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 Stock Performance

NASDAQ SEVN opened at $8.53 on Friday. Seven Hills Realty Trust has a twelve month low of $7.90 and a twelve month high of $11.40. The stock’s 50-day simple moving average is $8.42 and its two-hundred day simple moving average is $8.51.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Tuesday, April 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The firm had revenue of $8.34 million during the quarter, compared to analysts’ expectations of $8.65 million.

About Seven Hills Realty Trust

Seven Hills Realty Trust is a real estate investment trust that focuses on the ownership and operation of grocery-anchored neighborhood and community shopping centers. Established in October 2018 and trading on the NASDAQ under the symbol SEVN, the company targets retail properties that are anchored by essential retailers, including leading grocery chains and national discount operators. Its strategy centers on acquiring assets with strong tenant credit profiles and stable, long-term lease agreements.

The company’s portfolio spans multiple Sun Belt and Southeastern markets, with properties located in states such as Florida, Texas, North Carolina and Georgia.