Seven Hills Realty Trust (NASDAQ:SEVN) Trading Up 2.1%

Seven Hills Realty Trust (NASDAQ:SEVN) was up 2.1% during trading on Friday . The company traded as high as $13.94 and last traded at $13.87. Approximately 77,117 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 70,395 shares. The stock had previously closed at $13.58.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SEVN. Jonestrading restated a “buy” rating and set a $15.00 price target on shares of Seven Hills Realty Trust in a report on Tuesday, April 30th. JMP Securities boosted their price target on shares of Seven Hills Realty Trust from $13.50 to $14.00 and gave the company a “market outperform” rating in a report on Thursday, June 27th. Finally, Janney Montgomery Scott began coverage on shares of Seven Hills Realty Trust in a report on Friday, August 2nd. They set a “buy” rating and a $15.00 price target on the stock.

Seven Hills Realty Trust Trading Up 2.1 %

The stock’s fifty day moving average price is $13.02 and its 200-day moving average price is $12.75.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $9.38 million for the quarter.

Seven Hills Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 10.09%. The ex-dividend date was Monday, July 22nd. Seven Hills Realty Trust’s payout ratio is presently 71.98%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC purchased a new position in Seven Hills Realty Trust during the fourth quarter valued at approximately $490,000. Jump Financial LLC purchased a new position in Seven Hills Realty Trust during the fourth quarter valued at approximately $132,000. Kore Advisors LP purchased a new position in Seven Hills Realty Trust during the fourth quarter valued at approximately $1,593,000. Kingsview Wealth Management LLC bought a new stake in Seven Hills Realty Trust in the fourth quarter worth approximately $434,000. Finally, Scotia Capital Inc. grew its position in Seven Hills Realty Trust by 7.4% in the fourth quarter. Scotia Capital Inc. now owns 75,357 shares of the company’s stock worth $975,000 after acquiring an additional 5,163 shares in the last quarter.

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.