Seven Hills Realty Trust (NASDAQ:SEVN) Short Interest Update

Seven Hills Realty Trust (NASDAQ:SEVN) was the recipient of a large drop in short interest in the month of 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 short-interest ratio is currently 2.5 days. Approximately 1.2% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott assumed coverage on Seven Hills Realty Trust in a research note on Friday, August 2nd. They set a “buy” rating and a $15.00 price target on the stock.

Seven Hills Realty Trust Price Performance

NASDAQ SEVN opened at $12.97 on Friday. The firm has a 50 day simple moving average of $13.60 and a 200-day simple moving average of $13.19. Seven Hills Realty Trust has a one year low of $10.95 and a one year high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $8.86 million during the quarter, compared to analyst estimates of $9.80 million. During the same quarter last year, the firm earned $0.36 EPS.

Seven Hills Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date was Monday, October 28th. Seven Hills Realty Trust’s dividend payout ratio is currently 71.98%.

Hedge Funds Weigh In On Seven Hills Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bailard Inc. acquired a new stake in Seven Hills Realty Trust in the second quarter valued at approximately $209,000. Calton & Associates Inc. acquired a new stake in shares of Seven Hills Realty Trust in the 3rd quarter valued at $186,000. Bank of New York Mellon Corp purchased a new stake in shares of Seven Hills Realty Trust during the 2nd quarter worth $454,000. Jane Street Group LLC acquired a new position in shares of Seven Hills Realty Trust during the third quarter worth $147,000. Finally, Geode Capital Management LLC increased its holdings in Seven Hills Realty Trust by 3.8% in the third quarter. Geode Capital Management LLC now owns 326,256 shares of the company’s stock valued at $4,493,000 after buying an additional 11,890 shares during the last quarter.

Seven Hills Realty Trust Company 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.