Riverbridge Partners LLC Acquires New Position in Seven Hills Realty Trust (NASDAQ:SEVN)

Riverbridge Partners LLC bought a new position in Seven Hills Realty Trust (NASDAQ:SEVN) in the fourth quarter, HoldingsChannel reports. The fund bought 52,802 shares of the company’s stock, valued at approximately $691,000.

A number of other institutional investors also recently modified their holdings of the stock. State Street Corp boosted its position in Seven Hills Realty Trust by 21.6% during the third 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 last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Seven Hills Realty Trust by 241.5% during 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 during the last quarter. Calton & Associates Inc. bought a new stake in shares of Seven Hills Realty Trust in the 3rd quarter valued at approximately $186,000. Geode Capital Management LLC increased its holdings in Seven Hills Realty Trust by 3.8% in the third 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 during the last quarter. Finally, Jane Street Group LLC bought a new position in Seven Hills Realty Trust during the third quarter valued at approximately $147,000.

Seven Hills Realty Trust Price Performance

SEVN stock opened at $13.59 on Friday. The firm has a 50 day moving average of $13.05 and a two-hundred day moving average of $13.35. Seven Hills Realty Trust has a 12 month low of $11.23 and a 12 month high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its earnings results on Monday, October 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $8.86 million for the quarter, compared to analyst estimates of $9.80 million. During the same period in the previous year, the company earned $0.36 earnings per share.

Seven Hills Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 10.30%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is currently 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.