Short Interest in Seven Hills Realty Trust (NASDAQ:SEVN) Increases By 215.0%

Seven Hills Realty Trust (NASDAQ:SEVN) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 272,500 shares, an increase of 215.0% from the June 30th total of 86,500 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 87,100 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Upgrades and Downgrades

SEVN has been the topic of several research analyst reports. Jonestrading reissued a “buy” rating and issued a $15.00 price objective on shares of Seven Hills Realty Trust in a report on Tuesday, April 30th. JMP Securities lifted their target price 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, June 27th.

Institutional Trading of Seven Hills Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kore Advisors LP purchased a new position in Seven Hills Realty Trust in the 4th quarter valued at approximately $1,593,000. Crescent Grove Advisors LLC boosted its holdings in shares of Seven Hills Realty Trust by 157.4% during the second quarter. Crescent Grove Advisors LLC now owns 101,870 shares of the company’s stock worth $1,292,000 after purchasing an additional 62,295 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Seven Hills Realty Trust during the fourth quarter worth $490,000. Kingsview Wealth Management LLC acquired a new stake in shares of Seven Hills Realty Trust during the fourth quarter worth $434,000. Finally, Citigroup Inc. acquired a new position in Seven Hills Realty Trust in the third quarter valued at $255,000.

Seven Hills Realty Trust Trading Up 0.1 %

Shares of NASDAQ:SEVN traded up $0.01 on Thursday, hitting $13.35. 88,402 shares of the company’s stock were exchanged, compared to its average volume of 73,192. Seven Hills Realty Trust has a 1-year low of $9.58 and a 1-year high of $14.33. The firm’s 50-day moving average is $12.75 and its 200 day moving average is $12.78.

Seven Hills Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.49%. The ex-dividend date is Monday, July 22nd. Seven Hills Realty Trust’s dividend payout ratio is presently 95.97%.

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.