Bank of New York Mellon Corp Boosts Position in Seven Hills Realty Trust (NASDAQ:SEVN)

Bank of New York Mellon Corp boosted its holdings in Seven Hills Realty Trust (NASDAQ:SEVN) by 4.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 26,962 shares of the company’s stock after buying an additional 1,087 shares during the period. Bank of New York Mellon Corp’s holdings in Seven Hills Realty Trust were worth $337,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SEVN. JPMorgan Chase & Co. raised its holdings in Seven Hills Realty Trust by 91.8% in the fourth quarter. JPMorgan Chase & Co. now owns 45,793 shares of the company’s stock valued at $599,000 after buying an additional 21,923 shares during the period. Geode Capital Management LLC raised its holdings in Seven Hills Realty Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 328,347 shares of the company’s stock valued at $4,295,000 after buying an additional 2,091 shares during the period. Wells Fargo & Company MN raised its holdings in Seven Hills Realty Trust by 23.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,493 shares of the company’s stock valued at $111,000 after buying an additional 1,633 shares during the period. Scotia Capital Inc. purchased a new position in Seven Hills Realty Trust in the fourth quarter valued at approximately $794,000. Finally, Barclays PLC raised its holdings in Seven Hills Realty Trust by 12.8% in the fourth quarter. Barclays PLC now owns 19,234 shares of the company’s stock valued at $252,000 after buying an additional 2,187 shares during the period.

Seven Hills Realty Trust Stock Up 1.8%

Shares of NASDAQ:SEVN opened at $10.26 on Tuesday. 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 $11.57 and a two-hundred day moving average of $12.08.

Seven Hills Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, July 21st will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $1.12 annualized dividend and a yield of 10.9%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 91.17%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Jones Trading lowered 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 research report on Tuesday, July 29th. JMP Securities reaffirmed 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.

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.