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

Seven Hills Realty Trust (NASDAQ:SEVN) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 660,401 shares, a decrease of 51.7% from the November 30th total of 1,366,226 shares. Based on an average daily volume of 208,103 shares, the days-to-cover ratio is currently 3.2 days. Based on an average daily volume of 208,103 shares, the days-to-cover ratio is currently 3.2 days.

Analyst Ratings Changes

SEVN has been the subject of a number of analyst reports. Citigroup reissued an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th. Jones Trading reissued a “buy” rating and set a $12.50 price target on shares of Seven Hills Realty Trust in a research report on Tuesday, October 28th. Zacks Research raised shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Citizens Jmp lowered their price objective on shares of Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating for the company in a research note on Tuesday, December 16th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.83.

Insider Transactions at Seven Hills Realty Trust

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in shares of Seven Hills Realty Trust during the first quarter valued at approximately $30,000. BNP Paribas Financial Markets lifted its position in Seven Hills Realty Trust by 72.2% during 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. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Seven Hills Realty Trust during the 2nd quarter valued at $35,000. Raymond James Financial Inc. purchased a new stake in shares of Seven Hills Realty Trust in the 2nd quarter worth about $41,000. Finally, Bailard Inc. bought a new position in shares of Seven Hills Realty Trust in the 3rd quarter worth about $108,000.

Seven Hills Realty Trust Trading Up 0.1%

NASDAQ:SEVN opened at $9.01 on Friday. The firm’s fifty day simple moving average is $9.20 and its 200 day simple moving average is $10.35. Seven Hills Realty Trust has a twelve month low of $8.30 and a twelve month high of $13.97.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its earnings results on Wednesday, April 27th. The company reported $0.03 EPS for the quarter. The company had revenue of $2.00 million during the quarter.

Seven Hills Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, October 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend was Monday, October 27th. Seven Hills Realty Trust’s payout ratio is presently 86.37%.

Seven Hills Realty Trust Company Profile

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.