Insider Buying: Seven Hills Realty Trust (NASDAQ:SEVN) Insider Purchases 5,000 Shares of Company Stock

Seven Hills Realty Trust (NASDAQ:SEVN) insider Thomas Lorenzini purchased 5,000 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were purchased at an average cost of $6.59 per share, with a total value of $32,950.00. Following the completion of the transaction, the insider owned 62,022 shares of the company’s stock, valued at approximately $408,724.98. The trade was a 8.77% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Seven Hills Realty Trust Stock Up 1.1%

Shares of Seven Hills Realty Trust stock traded up $0.07 on Monday, reaching $6.62. The stock had a trading volume of 212,104 shares, compared to its average volume of 138,176. The company has a 50 day moving average price of $7.06 and a 200 day moving average price of $8.04. Seven Hills Realty Trust has a 1 year low of $5.98 and a 1 year high of $9.81.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $8.27 million during the quarter, compared to analysts’ expectations of $8.69 million.

Seven Hills Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be paid a $0.28 dividend. The ex-dividend date is Monday, October 19th. This represents a $1.12 dividend on an annualized basis and a yield of 16.9%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 76.78%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Seven Hills Realty Trust by 6.9% in the first quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock worth $212,000 after purchasing an additional 1,667 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Seven Hills Realty Trust in the fourth quarter valued at approximately $37,000. Sei Investments Co. boosted its position in Seven Hills Realty Trust by 100.5% in the first quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock valued at $187,000 after buying an additional 11,400 shares during the last quarter. Deutsche Bank AG purchased a new stake in Seven Hills Realty Trust in the second quarter valued at approximately $156,000. Finally, Odyssean LLC increased its holdings in Seven Hills Realty Trust by 289.2% in the 2nd quarter. Odyssean LLC now owns 41,973 shares of the company’s stock worth $354,000 after buying an additional 31,189 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SEVN. Citizens Jmp dropped their price target on Seven Hills Realty Trust from $10.50 to $9.00 and set a “market outperform” rating on the stock in a research note on Thursday. JonesTrading reiterated a “buy” rating and issued a $10.00 target price on shares of Seven Hills Realty Trust in a research note on Wednesday, July 29th. Citigroup reissued an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Thursday. Finally, Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Seven Hills Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $9.75.

About Seven Hills Realty Trust

Seven Hills Realty Trust (NASDAQ: SEVN) is a real estate investment trust focused on originating and investing in senior mortgage loans secured by commercial real estate properties. The company primarily provides financing to owners and operators of middle-market and transitional properties, seeking to generate income from interest payments and other loan-related returns.

Its investments are generally backed by properties such as office buildings, industrial facilities, multifamily housing, hotels and other commercial real estate.