Global Retirement Partners LLC Cuts Position in Seven Hills Realty Trust (NASDAQ:SEVN)

Global Retirement Partners LLC cut its stake in Seven Hills Realty Trust (NASDAQ:SEVN) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,382 shares of the company’s stock after selling 1,284 shares during the quarter. Global Retirement Partners LLC’s holdings in Seven Hills Realty Trust were worth $83,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC increased its holdings in shares of 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 acquiring an additional 4,508 shares during the period. Jane Street Group LLC acquired a new stake in shares of Seven Hills Realty Trust in the 3rd quarter worth $147,000. 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. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 16,881 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of 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 worth $505,000 after purchasing an additional 1,528 shares in the last quarter.

Seven Hills Realty Trust Price Performance

Seven Hills Realty Trust stock opened at $12.89 on Friday. Seven Hills Realty Trust has a 1-year low of $11.83 and a 1-year high of $14.66. The business has a fifty day moving average price of $13.01 and a 200-day moving average price of $13.33.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings data 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 firm had revenue of $7.68 million during the quarter, compared to analysts’ expectations of $8.29 million.

Seven Hills Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 10.86%. 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.