Renaissance Technologies LLC Trims Stock Holdings in Seven Hills Realty Trust (NASDAQ:SEVN)

Renaissance Technologies LLC trimmed its stake in Seven Hills Realty Trust (NASDAQ:SEVN) by 19.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,834 shares of the company’s stock after selling 28,000 shares during the period. Renaissance Technologies LLC’s holdings in Seven Hills Realty Trust were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of SEVN. State Street Corp grew its stake in Seven Hills Realty Trust by 21.6% in the third quarter. State Street Corp now owns 182,609 shares of the company’s stock valued at $2,515,000 after purchasing an additional 32,440 shares during the last quarter. Jane Street Group LLC purchased a new position in Seven Hills Realty Trust during the 3rd quarter worth approximately $147,000. Barclays PLC raised its holdings in shares of Seven Hills Realty Trust by 20.9% during the third quarter. Barclays PLC now owns 17,047 shares of the company’s stock worth $235,000 after purchasing an additional 2,947 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Seven Hills Realty Trust by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 326,256 shares of the company’s stock valued at $4,493,000 after buying an additional 11,890 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Seven Hills Realty Trust by 241.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,870 shares of the company’s stock worth $329,000 after purchasing an additional 16,881 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, JMP Securities restated a “market outperform” rating and issued a $14.50 price objective on shares of Seven Hills Realty Trust in a research report on Thursday, April 10th.

Seven Hills Realty Trust Trading Down 0.2 %

SEVN stock opened at $11.13 on Tuesday. The firm has a 50-day moving average of $12.22 and a two-hundred day moving average of $12.83. Seven Hills Realty Trust has a 12 month low of $10.18 and a 12 month high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The business had revenue of $7.68 million during the quarter, compared to the consensus estimate of $8.29 million.

Seven Hills Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 12.58%. The ex-dividend date of this dividend is Tuesday, April 22nd. Seven Hills Realty Trust’s payout ratio is 71.98%.

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.