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

Seven Hills Realty Trust (NASDAQ:SEVN) saw a large decrease in short interest during the month of 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 trading volume, of 50,100 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SEVN shares. JMP Securities upped their price objective on Seven Hills Realty Trust from $13.50 to $14.00 and gave the company a “market outperform” rating in a research report on Thursday. Jonestrading reaffirmed 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 Trading Up 3.9 %

Shares of Seven Hills Realty Trust stock traded up $0.48 during trading on Friday, reaching $12.68. 1,672,528 shares of the stock traded hands, compared to its average volume of 70,737. The business has a fifty day simple moving average of $12.52 and a two-hundred day simple moving average of $12.74. Seven Hills Realty Trust has a 52-week low of $9.58 and a 52-week high of $14.08.

Seven Hills Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend 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

Several institutional investors have recently bought and sold shares of the business. Jump Financial LLC purchased a new position in Seven Hills Realty Trust in the fourth quarter worth $132,000. Citigroup Inc. acquired a new stake in shares of Seven Hills Realty Trust during the third quarter worth $255,000. Kingsview Wealth Management LLC acquired a new stake in shares of Seven Hills Realty Trust during the fourth quarter worth $434,000. EP Wealth Advisors LLC acquired a new stake in shares of Seven Hills Realty Trust during the fourth quarter worth $490,000. Finally, Crescent Grove Advisors LLC acquired a new stake in shares of Seven Hills Realty Trust during the first quarter worth $511,000.

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.