Insider Buying: Seven Hills Realty Trust (NASDAQ:SEVN) Director Acquires $65,600.00 in Stock

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

Seven Hills Realty Trust Trading Up 4.2%

SEVN opened at $6.92 on Thursday. The firm has a 50-day moving average price of $7.00 and a 200-day moving average price of $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 released its quarterly earnings data on Tuesday, October 27th. The company reported $0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.24. The business had revenue of $8.27 million during the quarter, compared to analysts’ expectations of $8.69 million.

Seven Hills Realty Trust Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE bought a new position in Seven Hills Realty Trust during the second quarter valued at $169,000. Odyssean LLC grew its holdings in shares of Seven Hills Realty Trust by 289.2% in the second quarter. Odyssean LLC now owns 41,973 shares of the company’s stock worth $354,000 after purchasing an additional 31,189 shares during the last quarter. Flat Footed LLC bought a new position in shares of Seven Hills Realty Trust in the second quarter worth about $700,052. BlackRock Inc. purchased a new position in Seven Hills Realty Trust in the 2nd quarter worth about $17,284,000. Finally, Deutsche Bank AG purchased a new position in Seven Hills Realty Trust in the 2nd quarter worth about $156,000.

Analyst Ratings Changes

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

About Seven Hills Realty Trust