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

Seven Hills Realty Trust (NASDAQ:SEVN) had its target price decreased by equities researchers at Citizens Jmp from $12.50 to $11.50 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price target points to a potential upside of 23.26% from the stock’s current price.

Several other equities analysts have also commented on the stock. 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. Jones Trading reaffirmed a “buy” rating and set a $12.50 price objective on shares of Seven Hills Realty Trust in a research note on Tuesday, October 28th. Finally, Citigroup reissued an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Seven Hills Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.83.

Seven Hills Realty Trust Price Performance

SEVN opened at $9.33 on Tuesday. The business’s fifty day simple moving average is $9.37 and its 200 day simple moving average is $10.50. Seven Hills Realty Trust has a 52 week low of $8.30 and a 52 week high of $13.97.

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

Insider Activity

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

Hedge Funds Weigh In On Seven Hills Realty Trust

Several hedge funds have recently made changes to their positions in SEVN. Strs Ohio bought a new position in shares of Seven Hills Realty Trust during the first quarter valued at approximately $30,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Seven Hills Realty Trust in the second quarter valued at $35,000. BNP Paribas Financial Markets increased its position in Seven Hills Realty Trust by 72.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock valued at $31,000 after purchasing an additional 1,255 shares during the period. Raymond James Financial Inc. bought a new position in Seven Hills Realty Trust in the 2nd quarter worth $41,000. Finally, Bailard Inc. bought a new position in Seven Hills Realty Trust in the 3rd quarter worth $108,000.

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.