Citizens Jmp Cuts Seven Hills Realty Trust (NASDAQ:SEVN) Price Target to $11.50

Seven Hills Realty Trust (NASDAQ:SEVN) had its price objective trimmed by Citizens Jmp from $12.50 to $11.50 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

SEVN has been the subject of a number of other reports. Jones Trading restated a “buy” rating and issued a $12.50 price objective on shares of Seven Hills Realty Trust in a report on Tuesday, October 28th. Citigroup reissued an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Tuesday. Finally, Zacks Research raised shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.83.

Seven Hills Realty Trust Trading Up 0.1%

Shares of NASDAQ:SEVN opened at $9.40 on Tuesday. The stock has a fifty day simple moving average of $9.32 and a two-hundred day simple moving average of $10.47. Seven Hills Realty Trust has a 12-month low of $8.30 and a 12-month high of $13.97.

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

Seven Hills Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, October 27th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend was Monday, October 27th. Seven Hills Realty Trust’s dividend payout ratio is currently 86.37%.

Insider Activity at Seven Hills Realty Trust

In other news, major shareholder Tremont Realty Capital Llc purchased 2,015,748 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was acquired at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the transaction, the insider directly owned 4,577,835 shares in the company, valued at $39,598,272.75. This trade represents a 78.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Adam D. Portnoy acquired 2,015,748 shares of Seven Hills Realty Trust stock in a transaction dated Thursday, December 11th. The stock was purchased at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the completion of the purchase, the director owned 4,577,835 shares of the company’s stock, valued at approximately $39,598,272.75. This represents a 78.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Institutional Investors Weigh In On Seven Hills Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Adapt Wealth Advisors LLC bought a new position in shares of Seven Hills Realty Trust during the third quarter worth $732,000. Jane Street Group LLC purchased a new position in Seven Hills Realty Trust during the 1st quarter valued at approximately $608,000. Independent Advisor Alliance increased its stake in Seven Hills Realty Trust by 11.5% in the 3rd quarter. Independent Advisor Alliance now owns 302,517 shares of the company’s stock worth $3,119,000 after acquiring an additional 31,096 shares during the last quarter. Riverbridge Partners LLC raised its holdings in shares of Seven Hills Realty Trust by 41.8% during the 3rd quarter. Riverbridge Partners LLC now owns 85,655 shares of the company’s stock worth $883,000 after acquiring an additional 25,257 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Seven Hills Realty Trust during the 1st quarter valued at approximately $208,000.

Seven Hills Realty Trust Company Profile

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.