Seven Hills Realty Trust (NASDAQ:SEVN) Sees Significant Decline in Short Interest

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

Seven Hills Realty Trust Stock Performance

Seven Hills Realty Trust stock opened at $9.01 on Friday. The business has a fifty day moving average of $9.20 and a two-hundred day moving average of $10.36. 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 released its quarterly 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 Dividend Announcement

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

Insider Transactions at Seven Hills Realty Trust

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Seven Hills Realty Trust during the 1st quarter worth approximately $208,000. Calton & Associates Inc. purchased a new position in Seven Hills Realty Trust in the first quarter worth $169,000. Royal Bank of Canada increased its position in shares of Seven Hills Realty Trust by 4.9% during the first quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock worth $242,000 after purchasing an additional 900 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Seven Hills Realty Trust during the 1st quarter valued at $608,000. Finally, Strs Ohio acquired a new stake in shares of Seven Hills Realty Trust in the 1st quarter worth $30,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citizens Jmp dropped their price objective on Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating on the stock 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 upgraded Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a report on Tuesday, December 16th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Seven Hills Realty Trust presently has a consensus rating of “Moderate Buy” and an average price target of $12.83.

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.