Independent Advisor Alliance Sells 17,621 Shares of Seven Hills Realty Trust (NASDAQ:SEVN)

Independent Advisor Alliance lowered its stake in shares of Seven Hills Realty Trust (NASDAQ:SEVN) by 5.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 292,336 shares of the company’s stock after selling 17,621 shares during the period. Independent Advisor Alliance’s holdings in Seven Hills Realty Trust were worth $3,824,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. MetLife Investment Management LLC grew its position in shares of Seven Hills Realty Trust by 129.1% during the 3rd 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 during the period. Jane Street Group LLC purchased a new position in Seven Hills Realty Trust in the third quarter valued at approximately $147,000. Barclays PLC increased its position in Seven Hills Realty Trust by 20.9% in the third quarter. Barclays PLC now owns 17,047 shares of the company’s stock worth $235,000 after buying an additional 2,947 shares during the last quarter. JPMorgan Chase & Co. increased its position in Seven Hills Realty Trust by 241.5% in the third quarter. JPMorgan Chase & Co. now owns 23,870 shares of the company’s stock worth $329,000 after buying an additional 16,881 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Seven Hills Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 36,640 shares of the company’s stock valued at $505,000 after buying an additional 1,528 shares during the period.

Seven Hills Realty Trust Trading Down 0.2 %

SEVN stock opened at $12.57 on Wednesday. The stock has a fifty day moving average of $12.94 and a 200-day moving average of $13.28. Seven Hills Realty Trust has a fifty-two week low of $11.83 and a fifty-two week high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Tuesday, February 18th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $7.68 million for the quarter, compared to analysts’ expectations of $8.29 million.

Seven Hills Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 11.14%. Seven Hills Realty Trust’s payout ratio is 71.98%.

Seven Hills Realty Trust 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.