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

Seven Hills Realty Trust (NASDAQ:SEVN) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 231,400 shares, a decline of 21.5% from the August 15th total of 294,600 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 64,800 shares, the short-interest ratio is presently 3.6 days. Based on an average daily volume of 64,800 shares, the short-interest ratio is presently 3.6 days. Approximately 1.6% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SEVN. Zacks Research cut shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 13th. Jones Trading dropped their price objective on shares of Seven Hills Realty Trust from $15.00 to $12.50 and set a “buy” rating for the company in a report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.50.

Seven Hills Realty Trust Trading Up 0.5%

Shares of Seven Hills Realty Trust stock opened at $11.02 on Friday. Seven Hills Realty Trust has a 52-week low of $10.01 and a 52-week high of $14.66. The company has a 50 day moving average of $10.75 and a 200 day moving average of $11.56.

Seven Hills Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were paid a $0.28 dividend. The ex-dividend date was Monday, July 21st. This represents a $1.12 dividend on an annualized basis and a yield of 10.2%. Seven Hills Realty Trust’s payout ratio is currently 91.17%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in Seven Hills Realty Trust by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,964 shares of the company’s stock worth $25,000 after acquiring an additional 982 shares during the last quarter. Strs Ohio purchased a new position in Seven Hills Realty Trust in the first quarter worth approximately $30,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Seven Hills Realty Trust in the second quarter worth approximately $35,000. Raymond James Financial Inc. purchased a new position in Seven Hills Realty Trust in the second quarter worth approximately $41,000. Finally, Bank of America Corp DE lifted its stake in Seven Hills Realty Trust by 60.9% in the fourth quarter. Bank of America Corp DE now owns 11,609 shares of the company’s stock worth $152,000 after acquiring an additional 4,395 shares during 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.