Seven Hills Realty Trust (NASDAQ:SEVN) Stake Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Seven Hills Realty Trust (NASDAQ:SEVN) by 241.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,870 shares of the company’s stock after buying an additional 16,881 shares during the quarter. JPMorgan Chase & Co.’s holdings in Seven Hills Realty Trust were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp increased its holdings in shares of 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 purchasing an additional 32,440 shares during the period. Calton & Associates Inc. purchased a new position in Seven Hills Realty Trust during the third quarter valued at approximately $186,000. Geode Capital Management LLC lifted its position 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 worth $4,493,000 after buying an additional 11,890 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Seven Hills Realty Trust during the 3rd quarter valued at $147,000. Finally, MetLife Investment Management LLC boosted its stake in shares of Seven Hills Realty Trust by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 8,000 shares of the company’s stock valued at $110,000 after buying an additional 4,508 shares during the period.

Seven Hills Realty Trust Price Performance

SEVN opened at $13.06 on Friday. The stock has a fifty day moving average price of $13.09 and a 200 day moving average price of $13.37. Seven Hills Realty Trust has a 1 year low of $11.23 and a 1 year high of $14.66.

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

Seven Hills Realty Trust Dividend Announcement

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

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.