Barclays PLC Increases Stake in Seven Hills Realty Trust (NASDAQ:SEVN)

Barclays PLC grew its stake in Seven Hills Realty Trust (NASDAQ:SEVN) by 12.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,234 shares of the company’s stock after buying an additional 2,187 shares during the quarter. Barclays PLC’s holdings in Seven Hills Realty Trust were worth $252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Seven Hills Realty Trust by 241.5% during the third quarter. JPMorgan Chase & Co. now owns 23,870 shares of the company’s stock worth $329,000 after purchasing an additional 16,881 shares during the last quarter. Jane Street Group LLC purchased a new stake in Seven Hills Realty Trust during the third quarter worth approximately $147,000. Geode Capital Management LLC lifted its stake in Seven Hills Realty Trust by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 328,347 shares of the company’s stock worth $4,295,000 after purchasing an additional 2,091 shares during the last quarter. Scotia Capital Inc. purchased a new stake in Seven Hills Realty Trust during the fourth quarter worth approximately $794,000. Finally, Bailard Inc. lifted its stake in Seven Hills Realty Trust by 65.3% during the fourth quarter. Bailard Inc. now owns 58,500 shares of the company’s stock worth $765,000 after purchasing an additional 23,100 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on SEVN. Jones Trading restated a “buy” rating and set a $15.00 target price on shares of Seven Hills Realty Trust in a research note on Wednesday, April 30th. JMP Securities reaffirmed a “market outperform” rating and set a $14.50 price target on shares of Seven Hills Realty Trust in a research report on Thursday, April 10th.

Seven Hills Realty Trust Price Performance

SEVN opened at $11.62 on Monday. Seven Hills Realty Trust has a 52 week low of $10.18 and a 52 week high of $14.66. The business’s 50 day moving average is $12.02 and its two-hundred day moving average is $12.68.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings results on Monday, April 28th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $7.59 million for the quarter, compared to analyst estimates of $7.58 million.

Seven Hills Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.05%. The ex-dividend date is Tuesday, April 22nd. Seven Hills Realty Trust’s payout ratio is currently 71.98%.

About Seven Hills Realty Trust

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.