Short Interest in Seven Hills Realty Trust (NASDAQ:SEVN) Decreases By 24.0%

Seven Hills Realty Trust (NASDAQ:SEVN) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 45,600 shares, a decrease of 24.0% from the May 31st total of 60,000 shares. Based on an average daily volume of 50,100 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ:SEVN traded up $0.48 during trading on Friday, reaching $12.68. The stock had a trading volume of 1,672,528 shares, compared to its average volume of 70,737. The business has a fifty day moving average price of $12.52 and a 200-day moving average price of $12.74. Seven Hills Realty Trust has a fifty-two week low of $9.58 and a fifty-two week high of $14.08.

Seven Hills Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date of this dividend was Friday, April 19th. Seven Hills Realty Trust’s dividend payout ratio is presently 95.97%.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of institutional investors have recently modified their holdings of SEVN. Kore Advisors LP acquired a new position in Seven Hills Realty Trust during the fourth quarter worth approximately $1,593,000. Crescent Grove Advisors LLC acquired a new position in Seven Hills Realty Trust during the first quarter worth approximately $511,000. EP Wealth Advisors LLC acquired a new position in Seven Hills Realty Trust during the fourth quarter worth approximately $490,000. Kingsview Wealth Management LLC acquired a new position in Seven Hills Realty Trust during the fourth quarter worth approximately $434,000. Finally, Citigroup Inc. acquired a new position in Seven Hills Realty Trust during the third quarter worth approximately $255,000.

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.