Seven Hills Realty Trust (SEVN) To Go Ex-Dividend on January 26th

Seven Hills Realty Trust (NASDAQ:SEVN) declared a quarterly dividend on Thursday, January 15th. Investors of record on Monday, January 26th will be given a dividend of 0.28 per share on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Monday, January 26th.

Seven Hills Realty Trust has a dividend payout ratio of 114.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Seven Hills Realty Trust Stock Up 0.4%

SEVN opened at $9.18 on Friday. Seven Hills Realty Trust has a twelve month low of $8.30 and a twelve month high of $13.97. The company has a 50-day simple moving average of $8.92 and a 200 day simple moving average of $10.05.

Insider Activity

In other news, Director Adam D. Portnoy acquired 2,015,748 shares of the stock in a transaction dated Thursday, December 11th. The stock was bought at an average price of $8.65 per share, with a total value of $17,436,220.20. Following the completion of the purchase, the director directly owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. This represents a 78.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average price of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the transaction, the insider owned 4,577,835 shares in the company, valued at $39,598,272.75. This trade represents a 78.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEVN. Riverbridge Partners LLC lifted its position in shares of Seven Hills Realty Trust by 162.0% in the 4th quarter. Riverbridge Partners LLC now owns 224,411 shares of the company’s stock worth $1,997,000 after purchasing an additional 138,756 shares during the period. JPMorgan Chase & Co. raised its stake in Seven Hills Realty Trust by 30.2% during the third quarter. JPMorgan Chase & Co. now owns 20,607 shares of the company’s stock worth $212,000 after buying an additional 4,778 shares during the last quarter. Bank of America Corp DE lifted its holdings in Seven Hills Realty Trust by 125.3% in the third quarter. Bank of America Corp DE now owns 12,851 shares of the company’s stock valued at $132,000 after buying an additional 7,148 shares during the period. BNP Paribas Financial Markets lifted its holdings in Seven Hills Realty Trust by 72.2% in the third quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock valued at $31,000 after buying an additional 1,255 shares during the period. Finally, Adapt Wealth Advisors LLC acquired a new stake in Seven Hills Realty Trust during the third quarter worth approximately $732,000.

About Seven Hills Realty Trust

Seven Hills Realty Trust is a real estate investment trust that focuses on the ownership and operation of grocery-anchored neighborhood and community shopping centers. Established in October 2018 and trading on the NASDAQ under the symbol SEVN, the company targets retail properties that are anchored by essential retailers, including leading grocery chains and national discount operators. Its strategy centers on acquiring assets with strong tenant credit profiles and stable, long-term lease agreements.

The company’s portfolio spans multiple Sun Belt and Southeastern markets, with properties located in states such as Florida, Texas, North Carolina and Georgia.