Seven Hills Realty Trust (NASDAQ:SEVN) Short Interest Down 23.1% in April

Seven Hills Realty Trust (NASDAQ:SEVNGet Free Report) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 47,600 shares, a decrease of 23.1% from the April 15th total of 61,900 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 52,400 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Seven Hills Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Matisse Capital raised its position in shares of Seven Hills Realty Trust by 0.7% in the first quarter. Matisse Capital now owns 142,000 shares of the company’s stock valued at $1,835,000 after buying an additional 1,000 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in shares of Seven Hills Realty Trust during the 1st quarter worth $511,000. EP Wealth Advisors LLC acquired a new stake in shares of Seven Hills Realty Trust during the fourth quarter worth $490,000. Scotia Capital Inc. grew its position in shares of Seven Hills Realty Trust by 7.4% in the fourth quarter. Scotia Capital Inc. now owns 75,357 shares of the company’s stock valued at $975,000 after purchasing an additional 5,163 shares during the period. Finally, Kore Advisors LP acquired a new position in Seven Hills Realty Trust in the fourth quarter valued at $1,593,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SEVN. JMP Securities boosted their price objective on shares of Seven Hills Realty Trust from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Wednesday, February 21st. Jonestrading reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Seven Hills Realty Trust in a research note on Tuesday, April 30th.

View Our Latest Analysis on Seven Hills Realty Trust

Seven Hills Realty Trust Price Performance

NASDAQ SEVN traded down $0.15 during trading hours on Friday, reaching $12.72. The company’s stock had a trading volume of 34,180 shares, compared to its average volume of 58,202. The company’s 50-day moving average is $12.72 and its two-hundred day moving average is $12.40. Seven Hills Realty Trust has a fifty-two week low of $9.02 and a fifty-two week high of $14.08.

Seven Hills Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.01%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 95.97%.

Seven Hills Realty Trust Company Profile

(Get Free Report)

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.

Further Reading

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