Seven Hills Realty Trust (NASDAQ:SEVN) Short Interest Update

Seven Hills Realty Trust (NASDAQ:SEVN) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 175,900 shares, a drop of 21.9% from the October 15th total of 225,100 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 71,300 shares, the days-to-cover ratio is presently 2.5 days.

Seven Hills Realty Trust Price Performance

Shares of Seven Hills Realty Trust stock opened at $12.97 on Friday. The company’s fifty day moving average is $13.60 and its two-hundred day moving average is $13.19. Seven Hills Realty Trust has a 1 year low of $10.95 and a 1 year high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $8.86 million for the quarter, compared to analysts’ expectations of $9.80 million. During the same period in the prior year, the company earned $0.36 earnings per share.

Seven Hills Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.40 dividend on an annualized basis and a yield of 10.79%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 71.98%.

Hedge Funds Weigh In On Seven Hills Realty Trust

Large investors have recently bought and sold shares of the company. Bailard Inc. purchased a new stake in shares of Seven Hills Realty Trust in the second quarter valued at about $209,000. Calton & Associates Inc. acquired a new stake in Seven Hills Realty Trust in the third quarter valued at about $186,000. Bank of New York Mellon Corp purchased a new stake in Seven Hills Realty Trust in the 2nd quarter valued at approximately $454,000. Jane Street Group LLC acquired a new position in Seven Hills Realty Trust during the 3rd quarter worth approximately $147,000. Finally, Geode Capital Management LLC raised its stake in shares of Seven Hills Realty Trust by 3.8% during 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.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott initiated coverage on Seven Hills Realty Trust in a research report on Friday, August 2nd. They issued a “buy” rating and a $15.00 target price for the company.

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.