Seven Hills Realty Trust (NASDAQ:SEVN) Short Interest Down 51.7% in December

Seven Hills Realty Trust (NASDAQ:SEVN) was the recipient of a significant 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 trading volume of 208,103 shares, the short-interest ratio is currently 3.2 days. Based on an average trading volume of 208,103 shares, the short-interest ratio is currently 3.2 days.

Insider Buying and Selling at Seven Hills Realty Trust

In other news, major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the transaction, the insider owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. This trade represents a 78.68% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Adam D. Portnoy acquired 2,015,748 shares of Seven Hills Realty Trust stock in a transaction on Thursday, December 11th. The shares were purchased at an average price 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 in the company, valued at $39,598,272.75. This represents a 78.68% increase in their position. The SEC filing for this purchase provides additional information.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SEVN. Bank of America Corp DE increased its holdings in Seven Hills Realty Trust by 125.3% in the 3rd quarter. Bank of America Corp DE now owns 12,851 shares of the company’s stock worth $132,000 after acquiring an additional 7,148 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Seven Hills Realty Trust by 72.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock valued at $31,000 after purchasing an additional 1,255 shares during the period. Adapt Wealth Advisors LLC purchased a new position in shares of Seven Hills Realty Trust during the 3rd quarter valued at $732,000. Vanguard Group Inc. increased its stake in Seven Hills Realty Trust by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 788,563 shares of the company’s stock worth $8,130,000 after buying an additional 15,373 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Seven Hills Realty Trust by 30.2% during the third quarter. JPMorgan Chase & Co. now owns 20,607 shares of the company’s stock valued at $212,000 after acquiring an additional 4,778 shares during the period.

Analyst Upgrades and Downgrades

SEVN has been the subject of several analyst reports. 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 research note on Monday, September 29th. 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 report on Tuesday, December 16th. Finally, Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th. Four investment 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 an average rating of “Moderate Buy” and a consensus price target of $12.83.

Seven Hills Realty Trust Trading Down 0.6%

NASDAQ:SEVN traded down $0.05 on Monday, hitting $8.96. The stock had a trading volume of 3,938 shares, compared to its average volume of 79,913. The business’s 50-day simple moving average is $9.20 and its two-hundred day simple moving average is $10.34. Seven Hills Realty Trust has a 52-week low of $8.30 and a 52-week high of $13.97.

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

Seven Hills Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, October 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend was Monday, October 27th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is currently 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.