JPMorgan Chase & Co. Has $329,000 Position in Seven Hills Realty Trust (NASDAQ:SEVN)

JPMorgan Chase & Co. boosted its stake in shares of Seven Hills Realty Trust (NASDAQ:SEVN) by 241.5% in the third quarter, Holdings Channel reports. The firm owned 23,870 shares of the company’s stock after acquiring an additional 16,881 shares during the period. JPMorgan Chase & Co.’s holdings in Seven Hills Realty Trust were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Seven Hills Realty Trust by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 326,256 shares of the company’s stock worth $4,493,000 after buying an additional 11,890 shares during the period. Independent Advisor Alliance lifted its position in Seven Hills Realty Trust by 0.6% during the 3rd quarter. Independent Advisor Alliance now owns 309,957 shares of the company’s stock worth $4,268,000 after acquiring an additional 1,700 shares during the last quarter. State Street Corp boosted its holdings in Seven Hills Realty Trust by 21.6% during the third quarter. State Street Corp now owns 182,609 shares of the company’s stock valued at $2,515,000 after acquiring an additional 32,440 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Seven Hills Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 36,640 shares of the company’s stock valued at $505,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Seven Hills Realty Trust by 20.9% in 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 period.

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ:SEVN opened at $13.06 on Friday. The business has a 50 day moving average price of $13.09 and a 200 day moving average price of $13.37. Seven Hills Realty Trust has a twelve month low of $11.23 and a twelve month high of $14.66.

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

Seven Hills Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.72%. The ex-dividend date of this dividend is Monday, January 27th. Seven Hills Realty Trust’s payout ratio is currently 71.98%.

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.