Seven Hills Realty Trust (NASDAQ:SEVN) Short Interest Update

Seven Hills Realty Trust (NASDAQ:SEVN) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 175,900 shares, a decrease of 21.9% from the October 15th total of 225,100 shares. Based on an average daily volume of 71,300 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Seven Hills Realty Trust

Institutional investors have recently bought and sold shares of the business. MetLife Investment Management LLC lifted its position in shares of Seven Hills Realty Trust by 129.1% in the third quarter. MetLife Investment Management LLC now owns 8,000 shares of the company’s stock valued at $110,000 after acquiring an additional 4,508 shares in the last quarter. Jane Street Group LLC purchased a new position in Seven Hills Realty Trust in the 3rd quarter worth approximately $147,000. Calton & Associates Inc. bought a new position in Seven Hills Realty Trust in the 3rd quarter worth approximately $186,000. Bailard Inc. bought a new position in Seven Hills Realty Trust in the 2nd quarter worth approximately $209,000. Finally, Barclays PLC grew its holdings in Seven Hills Realty Trust by 20.9% during the 3rd quarter. Barclays PLC now owns 17,047 shares of the company’s stock valued at $235,000 after buying an additional 2,947 shares in the last quarter.

Seven Hills Realty Trust Price Performance

Seven Hills Realty Trust stock traded up $0.08 during trading on Friday, reaching $12.97. The company had a trading volume of 58,008 shares, compared to its average volume of 71,760. The firm’s 50-day simple moving average is $13.60 and its 200 day simple moving average is $13.19. Seven Hills Realty Trust has a 52 week low of $10.95 and a 52 week high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $8.86 million for the quarter, compared to analysts’ expectations of $9.80 million. During the same period in the previous year, the firm earned $0.36 earnings per share.

Seven Hills Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.79%. The ex-dividend date was Monday, October 28th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 71.98%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott began coverage on shares of Seven Hills Realty Trust in a report on Friday, August 2nd. They issued a “buy” rating and a $15.00 price objective on the stock.

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.