Crescent Grove Advisors LLC Decreases Stake in Seven Hills Realty Trust (NASDAQ:SEVN)

Crescent Grove Advisors LLC cut its holdings in shares of Seven Hills Realty Trust (NASDAQ:SEVN) by 63.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,100 shares of the company’s stock after selling 64,770 shares during the period. Crescent Grove Advisors LLC’s holdings in Seven Hills Realty Trust were worth $511,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new position in shares of Seven Hills Realty Trust during the 2nd quarter worth $454,000. Bailard Inc. bought a new position in shares of Seven Hills Realty Trust in the second quarter worth about $209,000. Finally, Calton & Associates Inc. purchased a new stake in Seven Hills Realty Trust during the 3rd quarter valued at approximately $186,000.

Seven Hills Realty Trust Price Performance

Shares of NASDAQ:SEVN opened at $12.30 on Wednesday. The business’s 50 day moving average is $13.77 and its 200 day moving average is $13.16. Seven Hills Realty Trust has a 52-week low of $10.51 and a 52-week high of $14.66.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $8.86 million during the quarter, compared to analysts’ expectations of $9.80 million. During the same period in the previous year, the company posted $0.36 EPS.

Seven Hills Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $1.40 annualized dividend and a dividend yield of 11.38%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is currently 71.98%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott assumed coverage on Seven Hills Realty Trust in a report on Friday, August 2nd. They issued a “buy” rating and a $15.00 target price on the stock.

Seven Hills Realty Trust 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.