Riverbridge Partners LLC Purchases Shares of 52,802 Seven Hills Realty Trust (NASDAQ:SEVN)

Riverbridge Partners LLC acquired a new position in Seven Hills Realty Trust (NASDAQ:SEVN) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 52,802 shares of the company’s stock, valued at approximately $691,000.

Other institutional investors have also modified their holdings of the company. MetLife Investment Management LLC grew its holdings in 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 worth $110,000 after acquiring an additional 4,508 shares during the period. Jane Street Group LLC acquired a new position in shares of Seven Hills Realty Trust in the 3rd quarter worth approximately $147,000. Calton & Associates Inc. bought a new stake in shares of Seven Hills Realty Trust in the 3rd quarter worth approximately $186,000. Barclays PLC raised its holdings in shares of Seven Hills Realty Trust by 20.9% in the 3rd quarter. Barclays PLC now owns 17,047 shares of the company’s stock worth $235,000 after purchasing an additional 2,947 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Seven Hills Realty Trust by 241.5% during the third quarter. JPMorgan Chase & Co. now owns 23,870 shares of the company’s stock valued at $329,000 after purchasing an additional 16,881 shares during the last quarter.

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ:SEVN opened at $13.59 on Friday. Seven Hills Realty Trust has a 1-year low of $11.23 and a 1-year high of $14.66. The company has a 50 day moving average price of $13.05 and a 200 day moving average price of $13.35.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings data on Monday, October 28th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. The company had revenue of $8.86 million for the quarter, compared to the consensus estimate of $9.80 million. During the same period in the prior year, the business earned $0.36 earnings per share.

Seven Hills Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 10.30%. Seven Hills Realty Trust’s payout ratio is presently 71.98%.

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.