Seven Hills Realty Trust (SEVN) – What Are Analysts Thinking About This Stock?

Seven Hills Realty Trust (NASDAQ:SEVN) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $9.75.

Several equities analysts recently issued reports on the company. JonesTrading reissued a “buy” rating and set a $10.00 target price on shares of Seven Hills Realty Trust in a research note on Wednesday, July 29th. Citizens Jmp cut their price target on shares of Seven Hills Realty Trust from $10.50 to $9.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 29th. Zacks Research raised shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a report on Thursday, October 29th.

Seven Hills Realty Trust Price Performance

Seven Hills Realty Trust stock opened at $6.64 on Friday. The company’s 50 day simple moving average is $7.02 and its 200-day simple moving average is $8.02. Seven Hills Realty Trust has a 1 year low of $5.98 and a 1 year high of $9.81.

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

Seven Hills Realty Trust Dividend Announcement

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

Insider Activity at Seven Hills Realty Trust

In other news, Director Matthew P. Jordan bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average cost 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. This represents a 8.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas J. Lorenzini acquired 5,000 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were purchased at an average cost of $6.59 per share, with a total value of $32,950.00. Following the completion of the transaction, the insider owned 62,022 shares in the company, valued at approximately $408,724.98. The trade was a 8.77% increase in their position. The disclosure for this purchase is available in the SEC filing.

Hedge Funds Weigh In On Seven Hills Realty Trust

Several large investors have recently bought and sold shares of SEVN. Rockefeller Capital Management L.P. acquired a new position in shares of Seven Hills Realty Trust during the 4th quarter worth about $37,000. Deutsche Bank AG purchased a new position in shares of Seven Hills Realty Trust in the 2nd quarter valued at about $156,000. Bank of America Corp DE acquired a new stake in shares of Seven Hills Realty Trust during the 2nd quarter worth about $169,000. Sei Investments Co. raised its position in shares of Seven Hills Realty Trust by 100.5% during the 1st quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock worth $187,000 after acquiring an additional 11,400 shares in the last quarter. Finally, Odyssean LLC raised its position in shares of Seven Hills Realty Trust by 289.2% during the 2nd quarter. Odyssean LLC now owns 41,973 shares of the company’s stock worth $354,000 after acquiring an additional 31,189 shares in the last quarter.

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.