Seven Hills Realty Trust (NASDAQ:SEVN) Insider Purchases $32,950.00 in Stock

Seven Hills Realty Trust (NASDAQ:SEVN) insider Thomas Lorenzini acquired 5,000 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were bought 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 directly owned 62,022 shares in the company, valued at $408,724.98. This trade represents a 8.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Seven Hills Realty Trust Stock Up 4.2%

Shares of SEVN opened at $6.92 on Thursday. The stock’s 50 day moving average is $7.00 and its two-hundred day moving average is $8.00. Seven Hills Realty Trust has a twelve month low of $5.98 and a twelve month high of $9.81.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced 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 business had revenue of $8.27 million for the quarter, compared to analyst estimates of $8.69 million.

Seven Hills Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be paid a $0.28 dividend. The ex-dividend date is Monday, October 19th. This represents a $1.12 annualized dividend and a dividend yield of 16.2%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 76.78%.

Institutional Investors Weigh In On Seven Hills Realty Trust

Several hedge funds have recently modified their holdings of SEVN. BlackRock Inc. acquired a new position in Seven Hills Realty Trust during the 2nd quarter worth approximately $17,284,000. Flat Footed LLC purchased a new stake in shares of Seven Hills Realty Trust during the second quarter valued at approximately $700,052. Bank of America Corp DE acquired a new stake in Seven Hills Realty Trust during the 2nd quarter valued at $169,000. Odyssean LLC grew its holdings in Seven Hills Realty Trust by 289.2% during the 2nd quarter. Odyssean LLC now owns 41,973 shares of the company’s stock valued at $354,000 after purchasing an additional 31,189 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Seven Hills Realty Trust by 100.5% during the 1st quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock valued at $187,000 after purchasing an additional 11,400 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup reissued an “outperform” rating on shares of Seven Hills Realty Trust in a report on Thursday, October 29th. JonesTrading reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Seven Hills Realty Trust in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, Citizens Jmp dropped their price objective on 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, October 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.75.

About Seven Hills Realty Trust