Bank of America Corp DE Boosts Stock Holdings in Seven Hills Realty Trust (NASDAQ:SEVN)

Bank of America Corp DE boosted its stake in shares of Seven Hills Realty Trust (NASDAQ:SEVN) by 60.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,609 shares of the company’s stock after acquiring an additional 4,395 shares during the period. Bank of America Corp DE’s holdings in Seven Hills Realty Trust were worth $152,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SEVN. Scotia Capital Inc. purchased a new position in Seven Hills Realty Trust during the fourth quarter valued at $794,000. Bailard Inc. grew 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 valued at $765,000 after acquiring an additional 23,100 shares in the last quarter. Lido Advisors LLC grew its stake in shares of Seven Hills Realty Trust by 26.2% in the 4th quarter. Lido Advisors LLC now owns 110,887 shares of the company’s stock worth $1,450,000 after buying an additional 22,992 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Seven Hills Realty Trust by 91.8% in the 4th quarter. JPMorgan Chase & Co. now owns 45,793 shares of the company’s stock worth $599,000 after buying an additional 21,923 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Seven Hills Realty Trust by 12.8% in the 4th quarter. Barclays PLC now owns 19,234 shares of the company’s stock worth $252,000 after buying an additional 2,187 shares in the last quarter.

Seven Hills Realty Trust Price Performance

Shares of NASDAQ:SEVN opened at $11.75 on Tuesday. Seven Hills Realty Trust has a 52 week low of $10.18 and a 52 week high of $14.66. The firm has a fifty day simple moving average of $11.68 and a two-hundred day simple moving average of $12.46.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $7.59 million during the quarter, compared to analysts’ expectations of $7.58 million.

Seven Hills Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.91%. Seven Hills Realty Trust’s dividend payout ratio is presently 71.98%.

Wall Street Analyst Weigh In

SEVN has been the subject of a number of recent research reports. Jones Trading reissued a “buy” rating and issued a $15.00 price objective on shares of Seven Hills Realty Trust in a research note on Wednesday, April 30th. JMP Securities reissued a “market outperform” rating and issued a $14.50 price objective on shares of Seven Hills Realty Trust in a research note on Thursday, April 10th.

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.