Seven Hills Realty Trust (NASDAQ:SEVN) Short Interest Down 15.3% in February

Seven Hills Realty Trust (NASDAQ:SEVN) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 117,800 shares, a drop of 15.3% from the February 13th total of 139,100 shares. Based on an average daily trading volume, of 53,200 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Trading of Seven Hills Realty Trust

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Seven Hills Realty Trust by 21.6% in the 3rd quarter. State Street Corp now owns 182,609 shares of the company’s stock valued at $2,515,000 after acquiring an additional 32,440 shares in the last quarter. Barclays PLC raised its holdings in Seven Hills Realty Trust by 20.9% in the 3rd quarter. Barclays PLC now owns 17,047 shares of the company’s stock valued at $235,000 after acquiring an additional 2,947 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Seven Hills Realty Trust by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 36,640 shares of the company’s stock valued at $505,000 after acquiring an additional 1,528 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Seven Hills Realty Trust by 241.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,870 shares of the company’s stock valued at $329,000 after acquiring an additional 16,881 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Seven Hills Realty Trust by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 326,256 shares of the company’s stock valued at $4,493,000 after acquiring an additional 11,890 shares in the last quarter.

Seven Hills Realty Trust Price Performance

Shares of Seven Hills Realty Trust stock opened at $12.77 on Tuesday. The business’s 50 day simple moving average is $12.93 and its 200 day simple moving average is $13.25. Seven Hills Realty Trust has a 52-week low of $11.83 and a 52-week high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $8.29 million.

Seven Hills Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, January 27th. This represents a $1.40 annualized dividend and a dividend yield of 10.96%. Seven Hills Realty Trust’s dividend payout ratio is currently 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.