Seven Hills Realty Trust (NASDAQ:SEVN) Given Buy Rating at Jonestrading

Jonestrading restated their buy rating on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research note published on Tuesday, Benzinga reports. Jonestrading currently has a $15.00 price target on the stock.

Separately, JMP Securities lifted their price objective on Seven Hills Realty Trust from $12.50 to $13.50 and gave the stock a market outperform rating in a report on Wednesday, February 21st.

Seven Hills Realty Trust Price Performance

Shares of SEVN opened at $12.55 on Tuesday. The business has a 50-day moving average of $12.68 and a 200 day moving average of $12.30. Seven Hills Realty Trust has a fifty-two week low of $9.01 and a fifty-two week high of $14.08.

Seven Hills Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 11.16%. The ex-dividend date is Friday, April 19th. Seven Hills Realty Trust’s payout ratio is presently 95.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SEVN. Kore Advisors LP purchased a new position in shares of Seven Hills Realty Trust during the fourth quarter worth about $1,593,000. Crescent Grove Advisors LLC purchased a new position in shares of Seven Hills Realty Trust during the third quarter valued at approximately $673,000. Acadian Asset Management LLC increased its stake in shares of Seven Hills Realty Trust by 56.1% during the third quarter. Acadian Asset Management LLC now owns 158,447 shares of the company’s stock valued at $1,729,000 after buying an additional 56,947 shares during the period. EP Wealth Advisors LLC purchased a new stake in Seven Hills Realty Trust in the fourth quarter worth $490,000. Finally, Kingsview Wealth Management LLC purchased a new stake in Seven Hills Realty Trust in the fourth quarter worth $434,000.

About Seven Hills Realty Trust

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.