Seven Hills Realty Trust (NASDAQ:SEVN) Short Interest Down 15.3% in February

Seven Hills Realty Trust (NASDAQ:SEVN) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 117,800 shares, a decline of 15.3% from the February 13th total of 139,100 shares. Based on an average daily trading volume, of 53,200 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.8% of the company’s shares are sold short.

Seven Hills Realty Trust Stock Up 0.1 %

NASDAQ SEVN opened at $12.78 on Wednesday. The company has a 50-day moving average of $12.94 and a 200-day moving average of $13.25. Seven Hills Realty Trust has a 12 month low of $11.83 and a 12 month high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $7.68 million for the quarter, compared to the consensus estimate of $8.29 million.

Seven Hills Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, January 27th. This represents a $1.40 annualized dividend and a yield of 10.95%. Seven Hills Realty Trust’s dividend payout ratio is presently 71.98%.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of large investors have recently modified their holdings of SEVN. Bank of America Corp DE increased its position in Seven Hills Realty Trust by 60.9% during the 4th quarter. Bank of America Corp DE now owns 11,609 shares of the company’s stock worth $152,000 after purchasing an additional 4,395 shares in the last quarter. Lido Advisors LLC grew its stake in Seven Hills Realty Trust by 26.2% during the fourth quarter. Lido Advisors LLC now owns 110,887 shares of the company’s stock worth $1,450,000 after buying an additional 22,992 shares during the period. Barclays PLC increased its position in shares of Seven Hills Realty Trust by 12.8% in the fourth quarter. Barclays PLC now owns 19,234 shares of the company’s stock worth $252,000 after acquiring an additional 2,187 shares in the last quarter. Scotia Capital Inc. purchased a new position in shares of Seven Hills Realty Trust in the 4th quarter valued at $794,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Seven Hills Realty Trust by 23.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,493 shares of the company’s stock valued at $111,000 after acquiring an additional 1,633 shares in the last quarter.

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.