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

Seven Hills Realty Trust (NASDAQ:SEVN) saw a significant decline in short interest in April. As of April 15th, there was short interest totaling 353,469 shares, a decline of 23.0% from the March 31st total of 459,135 shares. Based on an average daily trading volume, of 108,949 shares, the short-interest ratio is currently 3.2 days.

Wall Street Analyst Weigh In

A number of research firms recently commented on SEVN. LADENBURG THALM/SH SH began coverage on Seven Hills Realty Trust in a research report on Wednesday, January 7th. They issued a “buy” rating and a $10.00 target price on the stock. Zacks Research upgraded Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. Finally, JonesTrading decreased their target price on Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Seven Hills Realty Trust presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake 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 valued at $242,000 after buying an additional 900 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of 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 last quarter. Strs Ohio grew its stake in Seven Hills Realty Trust by 62.5% in the fourth quarter. Strs Ohio now owns 3,900 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares in the last quarter. Penserra Capital Management LLC grew its stake in Seven Hills Realty Trust by 3.5% in the third quarter. Penserra Capital Management LLC now owns 91,756 shares of the company’s stock worth $946,000 after purchasing an additional 3,102 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Seven Hills Realty Trust in the second quarter worth approximately $41,000.

Seven Hills Realty Trust Trading Up 1.9%

SEVN stock traded up $0.15 during midday trading on Thursday, reaching $8.22. 47,339 shares of the company traded hands, compared to its average volume of 109,229. Seven Hills Realty Trust has a 52-week low of $7.90 and a 52-week high of $12.86. The business has a 50 day moving average of $8.37 and a 200-day moving average of $8.85.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its earnings results on Tuesday, April 28th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $8.34 million for the quarter, compared to the consensus estimate of $8.65 million.

Seven Hills Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.6%. Seven Hills Realty Trust’s dividend payout ratio is currently 76.78%.

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.