Seven Hills Realty Trust (NASDAQ:SEVN) Short Interest Down 21.1% in January

Seven Hills Realty Trust (NASDAQ:SEVN) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 132,400 shares, a decline of 21.1% from the December 31st total of 167,900 shares. Based on an average daily trading volume, of 70,900 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.9% of the company’s shares are short sold.

Seven Hills Realty Trust Trading Up 0.8 %

SEVN stock opened at $13.06 on Friday. Seven Hills Realty Trust has a fifty-two week low of $11.23 and a fifty-two week high of $14.66. The business’s 50 day moving average price is $13.09 and its two-hundred day moving average price is $13.37.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its quarterly earnings results 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 firm had revenue of $8.86 million during the quarter, compared to analysts’ expectations of $9.80 million. During the same period in the previous year, the company earned $0.36 earnings per share.

Seven Hills Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.72%. The ex-dividend date is Monday, January 27th. Seven Hills Realty Trust’s dividend payout ratio is presently 71.98%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. MetLife Investment Management LLC boosted its stake 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of Seven Hills Realty Trust during the third quarter valued at approximately $147,000. Calton & Associates Inc. purchased a new position in shares of Seven Hills Realty Trust during the third quarter valued at approximately $186,000. Barclays PLC boosted its position 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. grew its stake in shares of Seven Hills Realty Trust by 241.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,870 shares of the company’s stock worth $329,000 after buying an additional 16,881 shares during the last quarter.

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.