Seven Hills Realty Trust (NASDAQ:SEVN) Shares Bought by State Street Corp

State Street Corp raised its holdings in Seven Hills Realty Trust (NASDAQ:SEVN) by 21.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 182,609 shares of the company’s stock after acquiring an additional 32,440 shares during the quarter. State Street Corp’s holdings in Seven Hills Realty Trust were worth $2,515,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Seven Hills Realty Trust by 4.4% in the third 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. Independent Advisor Alliance increased its holdings in Seven Hills Realty Trust by 0.6% during the 3rd quarter. Independent Advisor Alliance now owns 309,957 shares of the company’s stock worth $4,268,000 after purchasing an additional 1,700 shares during the period. MetLife Investment Management LLC raised its position in Seven Hills Realty Trust by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 8,000 shares of the company’s stock valued at $110,000 after purchasing an additional 4,508 shares in the last quarter. Calton & Associates Inc. purchased a new position in shares of Seven Hills Realty Trust in the 3rd quarter valued at about $186,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Seven Hills Realty Trust in the 2nd quarter valued at about $454,000.

Seven Hills Realty Trust Stock Performance

SEVN stock opened at $13.08 on Wednesday. Seven Hills Realty Trust has a fifty-two week low of $11.23 and a fifty-two week high of $14.66. The company’s 50 day moving average price is $13.11 and its 200 day moving average price is $13.31.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $0.36 earnings per share.

Seven Hills Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 10.70%. The ex-dividend date of this dividend was Monday, October 28th. Seven Hills Realty Trust’s dividend payout ratio is presently 71.98%.

Seven Hills Realty Trust 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.