Seven Hills Realty Trust (NASDAQ:SEVN) Stock Gets Price Target Cut from Citizens Jmp

Seven Hills Realty Trust (NASDAQ:SEVN) had its target price decreased by Citizens Jmp from $10.50 to $9.00 in a report released on Thursday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

A number of other brokerages also recently commented on SEVN. Citigroup reaffirmed an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Thursday. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Finally, JonesTrading reiterated a “buy” rating and issued a $10.00 target price on shares of Seven Hills Realty Trust in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seven Hills Realty Trust has a consensus rating of “Moderate Buy” and an average price target of $9.75.

Seven Hills Realty Trust Stock Down 0.9%

NASDAQ:SEVN opened at $6.55 on Thursday. Seven Hills Realty Trust has a fifty-two week low of $5.98 and a fifty-two week high of $9.81. The stock’s 50-day moving average is $7.06 and its two-hundred day moving average is $8.04.

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

Seven Hills Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, October 19th. This represents a $1.12 annualized dividend and a yield of 17.1%. Seven Hills Realty Trust’s dividend payout ratio is 76.78%.

Institutional Trading of Seven Hills Realty Trust

A number of hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. bought a new stake in shares of Seven Hills Realty Trust during the fourth quarter valued at approximately $37,000. Deutsche Bank AG acquired a new position in shares of Seven Hills Realty Trust in the second quarter valued at $156,000. Bank of America Corp DE bought a new position in Seven Hills Realty Trust in the second quarter worth $169,000. Sei Investments Co. lifted 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 worth $187,000 after purchasing an additional 11,400 shares during the period. Finally, Odyssean LLC lifted its position in 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 period.

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.