Seven Hills Realty Trust Declares Quarterly Dividend of $0.35 (NASDAQ:SEVN)

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Stockholders of record on Monday, April 22nd will be given a dividend of 0.35 per share on Thursday, May 16th. This represents a $1.40 annualized dividend and a dividend yield of 11.01%. The ex-dividend date is Friday, April 19th.

Seven Hills Realty Trust has raised its dividend payment by an average of 30.5% annually over the last three years and has raised its dividend every year for the last 2 years. Seven Hills Realty Trust has a payout ratio of 97.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Seven Hills Realty Trust Trading Up 1.1 %

Shares of Seven Hills Realty Trust stock opened at $12.72 on Thursday. Seven Hills Realty Trust has a 1 year low of $9.01 and a 1 year high of $14.08. The firm’s 50-day moving average is $12.62 and its 200 day moving average is $12.16.

Analyst Upgrades and Downgrades

SEVN has been the topic of several analyst reports. JMP Securities upped their target price on shares of Seven Hills Realty Trust from $12.50 to $13.50 and gave the stock a “market outperform” rating in a research note on Wednesday, February 21st. Jonestrading reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Seven Hills Realty Trust in a research report on Thursday, February 22nd.

Institutional Investors Weigh In On Seven Hills Realty Trust

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Seven Hills Realty Trust in the 4th quarter worth about $27,000. UBS Group AG grew its stake in shares of Seven Hills Realty Trust by 230.9% in the first quarter. UBS Group AG now owns 3,160 shares of the company’s stock worth $32,000 after acquiring an additional 2,205 shares during the period. BlackRock Inc. raised its holdings in shares of Seven Hills Realty Trust by 331.6% during the third quarter. BlackRock Inc. now owns 9,258 shares of the company’s stock valued at $84,000 after purchasing an additional 7,113 shares during the last quarter. Private Advisor Group LLC bought a new position in Seven Hills Realty Trust during the first quarter valued at approximately $106,000. Finally, Royal Bank of Canada lifted its position in Seven Hills Realty Trust by 40.0% during the second quarter. Royal Bank of Canada now owns 17,477 shares of the company’s stock valued at $179,000 after purchasing an additional 4,990 shares during the period.

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.