JMP Securities Reiterates Market Outperform Rating for Seven Hills Realty Trust (NASDAQ:SEVN)

JMP Securities reiterated their market outperform rating on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $14.50 price target on the stock.

Seven Hills Realty Trust Trading Up 3.6 %

Shares of Seven Hills Realty Trust stock opened at $11.28 on Thursday. Seven Hills Realty Trust has a twelve month low of $10.18 and a twelve month high of $14.66. The business’s 50 day simple moving average is $12.58 and its 200-day simple moving average is $13.02.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Tuesday, February 18th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The business had revenue of $7.68 million during the quarter, compared to analysts’ expectations of $8.29 million.

Seven Hills Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 12.41%. The ex-dividend date is Tuesday, April 22nd. Seven Hills Realty Trust’s payout ratio is 71.98%.

Institutional Investors Weigh In On Seven Hills Realty Trust

Large investors have recently made changes to their positions in the company. Sanders Morris Harris LLC acquired a new position in shares of Seven Hills Realty Trust during the first quarter worth approximately $175,000. Bank of America Corp DE raised its stake in Seven Hills Realty Trust by 60.9% during the 4th quarter. Bank of America Corp DE now owns 11,609 shares of the company’s stock valued at $152,000 after acquiring an additional 4,395 shares in the last quarter. Lido Advisors LLC boosted its position in Seven Hills Realty Trust by 26.2% during the 4th quarter. Lido Advisors LLC now owns 110,887 shares of the company’s stock worth $1,450,000 after acquiring an additional 22,992 shares during the period. Barclays PLC grew its stake in shares of Seven Hills Realty Trust by 12.8% in the fourth quarter. Barclays PLC now owns 19,234 shares of the company’s stock worth $252,000 after purchasing an additional 2,187 shares in the last quarter. Finally, Scotia Capital Inc. acquired a new position in shares of Seven Hills Realty Trust during the fourth quarter valued at $794,000.

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.