Short Interest in Seven Hills Realty Trust (NASDAQ:SEVN) Drops By 21.1%

Seven Hills Realty Trust (NASDAQ:SEVN) was the target of a significant decline in short interest in 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. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,900 shares, the days-to-cover ratio is currently 1.9 days.

Seven Hills Realty Trust Stock Performance

SEVN stock opened at $13.06 on Friday. The company’s 50 day moving average is $13.09 and its 200 day moving average is $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 issued its quarterly earnings results on Monday, October 28th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $8.86 million during the quarter, compared to the consensus estimate of $9.80 million. During the same period in the previous year, the company earned $0.36 EPS.

Seven Hills Realty Trust Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 10.72%. Seven Hills Realty Trust’s dividend payout ratio is presently 71.98%.

Institutional Investors Weigh In On Seven Hills Realty Trust

Hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its position 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 valued at $110,000 after buying an additional 4,508 shares during the period. Jane Street Group LLC purchased a new stake in Seven Hills Realty Trust during the 3rd quarter valued at about $147,000. Calton & Associates Inc. purchased a new stake in Seven Hills Realty Trust during the 3rd quarter valued at about $186,000. Barclays PLC grew its position in Seven Hills Realty Trust by 20.9% during the 3rd quarter. Barclays PLC now owns 17,047 shares of the company’s stock worth $235,000 after acquiring an additional 2,947 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 worth $329,000 after purchasing an additional 16,881 shares during the period.

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.