Seven Hills Realty Trust (NASDAQ:SEVN) Stock: Insider Matthew Jordan Buys 10,000 Shares

Seven Hills Realty Trust (NASDAQ:SEVN) Director Matthew Jordan bought 10,000 shares of the company’s stock in a transaction on Friday, October 30th. The stock was bought at an average price of $6.56 per share, for a total transaction of $65,600.00. Following the completion of the purchase, the director owned 128,244 shares of the company’s stock, valued at approximately $841,280.64. The trade was a 8.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Seven Hills Realty Trust Stock Up 1.1%

Shares of Seven Hills Realty Trust stock traded up $0.07 on Monday, reaching $6.62. 212,104 shares of the company traded hands, compared to its average volume of 138,176. The company has a 50 day moving average of $7.06 and a 200 day moving average of $8.04. Seven Hills Realty Trust has a 52 week low of $5.98 and a 52 week high of $9.81.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The company had revenue of $8.27 million during the quarter, compared to the consensus estimate of $8.69 million.

Seven Hills Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 16.9%. The ex-dividend date of this dividend is Monday, October 19th. Seven Hills Realty Trust’s dividend payout ratio is currently 76.78%.

Institutional Trading of Seven Hills Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in SEVN. Bank of America Corp DE purchased a new position in Seven Hills Realty Trust during the 2nd quarter valued at about $169,000. Odyssean LLC increased its position in shares of Seven Hills Realty Trust by 289.2% during the second quarter. Odyssean LLC now owns 41,973 shares of the company’s stock valued at $354,000 after buying an additional 31,189 shares during the period. Flat Footed LLC purchased a new stake in shares of Seven Hills Realty Trust in the second quarter worth about $700,052. BlackRock Inc. purchased a new stake in shares of Seven Hills Realty Trust in the second quarter worth about $17,284,000. Finally, Deutsche Bank AG bought a new position in shares of Seven Hills Realty Trust in the second quarter valued at approximately $156,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SEVN. Zacks Research raised Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Citizens Jmp cut their target price on shares of Seven Hills Realty Trust from $10.50 to $9.00 and set a “market outperform” rating for the company in a research report on Thursday. JonesTrading reiterated a “buy” rating and set a $10.00 target price on shares of Seven Hills Realty Trust in a research report on Wednesday, July 29th. Finally, Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.75.

Seven Hills Realty Trust Company Profile

Seven Hills Realty Trust (NASDAQ: SEVN) is a real estate investment trust focused on originating and investing in senior mortgage loans secured by commercial real estate properties. The company primarily provides financing to owners and operators of middle-market and transitional properties, seeking to generate income from interest payments and other loan-related returns.

Its investments are generally backed by properties such as office buildings, industrial facilities, multifamily housing, hotels and other commercial real estate.