Short Interest in Seven Hills Realty Trust (NASDAQ:SEVN) Declines By 21.9%

Seven Hills Realty Trust (NASDAQ:SEVN) saw a significant drop in short interest in 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. Based on an average trading volume of 71,300 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.2% of the company’s stock are sold short.

Seven Hills Realty Trust Stock Performance

Shares of SEVN traded up $0.08 during trading on Friday, reaching $12.97. The company’s stock had a trading volume of 57,994 shares, compared to its average volume of 71,760. The company has a fifty day moving average of $13.62 and a two-hundred day moving average of $13.18. Seven Hills Realty Trust has a twelve month low of $10.95 and a twelve month 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 analysts’ consensus estimates of $0.30 by $0.06. The company had revenue of $8.86 million for the quarter, compared to the consensus estimate of $9.80 million. During the same quarter last year, the company earned $0.36 earnings per share.

Seven Hills Realty Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott assumed coverage on shares of Seven Hills Realty Trust in a report on Friday, August 2nd. They issued a “buy” rating and a $15.00 price objective on the stock.

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of institutional investors have recently made changes to their positions in SEVN. Bailard Inc. acquired a new stake in shares of Seven Hills Realty Trust during the 2nd quarter worth approximately $209,000. Calton & Associates Inc. bought a new stake in Seven Hills Realty Trust in the third quarter valued at $186,000. Bank of New York Mellon Corp acquired a new position in shares of Seven Hills Realty Trust during the second quarter valued at $454,000. Jane Street Group LLC bought a new position in shares of Seven Hills Realty Trust during the third quarter worth about $147,000. Finally, Barclays PLC grew its position in shares of Seven Hills Realty Trust by 20.9% during the third quarter. Barclays PLC now owns 17,047 shares of the company’s stock worth $235,000 after acquiring an additional 2,947 shares during the last quarter.

About Seven Hills Realty Trust

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.