Seven Hills Realty Trust (SEVN) Set to Announce Quarterly Earnings on Monday

Seven Hills Realty Trust (NASDAQ:SEVN) is scheduled to release its earnings data after the market closes on Monday, April 29th. Individual that wish to register for the company’s earnings conference call can do so using this link.

Seven Hills Realty Trust Stock Down 2.6 %

NASDAQ SEVN opened at $12.41 on Monday. Seven Hills Realty Trust has a 1-year low of $9.01 and a 1-year high of $14.08. The stock’s 50 day moving average is $12.64 and its two-hundred day moving average is $12.21.

Seven Hills Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a dividend of $0.35 per share. The ex-dividend date is Friday, April 19th. This represents a $1.40 annualized dividend and a dividend yield of 11.28%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 119.96%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SEVN. JMP Securities increased their price objective on 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 reiterated a “buy” rating and set a $15.00 target price on shares of Seven Hills Realty Trust in a research report on Thursday, February 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Seven Hills Realty Trust by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 690,029 shares of the company’s stock valued at $8,929,000 after purchasing an additional 3,600 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Seven Hills Realty Trust by 13.7% during the second quarter. Renaissance Technologies LLC now owns 69,492 shares of the company’s stock worth $713,000 after purchasing an additional 8,392 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Seven Hills Realty Trust in the fourth quarter valued at $846,000. BlackRock Inc. increased its stake in shares of Seven Hills Realty Trust by 711.4% in the second quarter. BlackRock Inc. now owns 64,989 shares of the company’s stock valued at $667,000 after buying an additional 56,980 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Seven Hills Realty Trust by 5.5% in the first quarter. State Street Corp now owns 44,009 shares of the company’s stock valued at $440,000 after buying an additional 2,300 shares during the last quarter.

About Seven Hills Realty Trust

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.