Short Interest in Seven Hills Realty Trust (NASDAQ:SEVN) Declines By 21.9%

Seven Hills Realty Trust (NASDAQ:SEVN) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 175,900 shares, a drop 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 stock are sold short.

Institutional Investors Weigh In On Seven Hills Realty Trust

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Seven Hills Realty Trust by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 326,256 shares of the company’s stock worth $4,493,000 after purchasing an additional 11,890 shares in the last quarter. Barclays PLC raised its stake in Seven Hills Realty Trust by 20.9% in the third quarter. Barclays PLC now owns 17,047 shares of the company’s stock valued at $235,000 after buying an additional 2,947 shares during the last quarter. Jane Street Group LLC acquired a new stake in Seven Hills Realty Trust in the third quarter worth about $147,000. State Street Corp grew its stake in shares of Seven Hills Realty Trust by 21.6% during the third quarter. State Street Corp now owns 182,609 shares of the company’s stock worth $2,515,000 after acquiring an additional 32,440 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Seven Hills Realty Trust by 129.1% during 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.

Seven Hills Realty Trust Stock Performance

Shares of Seven Hills Realty Trust stock traded up $0.08 during trading on Friday, hitting $12.97. 58,008 shares of the stock traded hands, compared to its average volume of 71,760. The stock’s fifty 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 earnings results on Monday, October 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $8.86 million during the quarter, compared to analysts’ expectations of $9.80 million. During the same quarter last year, the firm earned $0.36 EPS.

Seven Hills Realty Trust Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.40 annualized dividend and a dividend yield of 10.79%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 71.98%.

Analyst Upgrades and Downgrades

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

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.