Seven Hills Realty Trust (NASDAQ:SEVN) Major Shareholder Tremont Realty Capital Llc Buys 2,015,748 Shares

Seven Hills Realty Trust (NASDAQ:SEVN) major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of Seven Hills Realty Trust stock in a transaction on Thursday, December 11th. The shares were purchased at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the acquisition, the insider owned 4,577,835 shares in the company, valued at approximately $39,598,272.75. This represents a 78.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Seven Hills Realty Trust Stock Up 3.2%

Shares of NASDAQ SEVN traded up $0.29 during midday trading on Thursday, hitting $9.23. The stock had a trading volume of 237,501 shares, compared to its average volume of 75,988. Seven Hills Realty Trust has a fifty-two week low of $8.30 and a fifty-two week high of $13.97. The company’s 50-day simple moving average is $9.42 and its 200 day simple moving average is $10.56.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $2.00 million during the quarter.

Seven Hills Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, October 27th were given a dividend of $0.28 per share. The ex-dividend date was Monday, October 27th. This represents a $1.12 annualized dividend and a dividend yield of 12.1%. Seven Hills Realty Trust’s payout ratio is currently 86.37%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SEVN. Strs Ohio acquired a new position in shares of Seven Hills Realty Trust in the first quarter valued at $30,000. BNP Paribas Financial Markets grew its position in shares of Seven Hills Realty Trust by 72.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock worth $31,000 after purchasing an additional 1,255 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Seven Hills Realty Trust during the second quarter worth approximately $35,000. Raymond James Financial Inc. bought a new position in shares of Seven Hills Realty Trust in the second quarter worth $41,000. Finally, Bailard Inc. bought a new position in Seven Hills Realty Trust in the 3rd quarter valued at about $108,000.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Jones Trading reissued a “buy” rating and issued a $12.50 price target on shares of Seven Hills Realty Trust in a research note on Tuesday, October 28th. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.50.

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.