Riverbridge Partners LLC Grows Stock Position in Seven Hills Realty Trust $SEVN

Riverbridge Partners LLC grew its holdings in Seven Hills Realty Trust (NASDAQ:SEVN) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,398 shares of the company’s stock after purchasing an additional 2,253 shares during the period. Riverbridge Partners LLC’s holdings in Seven Hills Realty Trust were worth $729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC grew its holdings in shares of Seven Hills Realty Trust by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,964 shares of the company’s stock valued at $25,000 after purchasing an additional 982 shares in the last quarter. Strs Ohio acquired a new position in Seven Hills Realty Trust in the first quarter valued at approximately $30,000. Bank of America Corp DE grew its position in shares of Seven Hills Realty Trust by 60.9% in the 4th quarter. Bank of America Corp DE now owns 11,609 shares of the company’s stock valued at $152,000 after buying an additional 4,395 shares during the last quarter. Calton & Associates Inc. purchased a new position in shares of Seven Hills Realty Trust during the first quarter worth about $169,000. Finally, Sanders Morris Harris LLC acquired a new position in Seven Hills Realty Trust during the first quarter worth approximately $175,000.

Analyst Ratings Changes

SEVN has been the subject of a number of research reports. Jones Trading reduced their target price on shares of Seven Hills Realty Trust from $15.00 to $12.50 and set a “buy” rating for the company in a report on Tuesday, July 29th. Zacks Research lowered shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Seven Hills Realty Trust Stock Down 0.9%

Shares of Seven Hills Realty Trust stock opened at $10.53 on Friday. The company has a 50-day moving average of $10.70 and a two-hundred day moving average of $11.50. Seven Hills Realty Trust has a 12-month low of $10.01 and a 12-month high of $14.66.

Seven Hills Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $1.12 annualized dividend and a yield of 10.6%. Seven Hills Realty Trust’s payout ratio is currently 91.17%.

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.