Bank of New York Mellon Corp Reduces Holdings in Seven Hills Realty Trust (NASDAQ:SEVN)

Bank of New York Mellon Corp trimmed its position in Seven Hills Realty Trust (NASDAQ:SEVN) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,875 shares of the company’s stock after selling 1,127 shares during the period. Bank of New York Mellon Corp’s holdings in Seven Hills Realty Trust were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of SEVN. Riverbridge Partners LLC acquired a new stake in shares of Seven Hills Realty Trust during the 4th quarter valued at about $691,000. State Street Corp boosted its holdings in shares of Seven Hills Realty Trust by 21.6% during the 3rd quarter. State Street Corp now owns 182,609 shares of the company’s stock worth $2,515,000 after purchasing an additional 32,440 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 valued at $329,000 after buying an additional 16,881 shares in the last quarter. Geode Capital Management LLC increased its position in Seven Hills Realty Trust by 3.8% during the third quarter. Geode Capital Management LLC now owns 326,256 shares of the company’s stock worth $4,493,000 after purchasing an additional 11,890 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Seven Hills Realty Trust during the 3rd quarter worth approximately $147,000.

Seven Hills Realty Trust Trading Down 2.2 %

SEVN stock opened at $12.68 on Friday. The business’s fifty day moving average price is $12.95 and its 200 day moving average price is $13.20. Seven Hills Realty Trust has a 12-month low of $11.83 and a 12-month high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Tuesday, February 18th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $7.68 million for the quarter, compared to analysts’ expectations of $8.29 million.

Seven Hills Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, January 27th. This represents a $1.40 dividend on an annualized basis and a yield of 11.04%. 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.