Seven Hills Realty Trust (NASDAQ:SEVN) Insider Buys $32,950.00 in Stock

Seven Hills Realty Trust (NASDAQ:SEVN) insider Thomas Lorenzini acquired 5,000 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was acquired at an average price of $6.59 per share, for a total transaction of $32,950.00. Following the purchase, the insider directly owned 62,022 shares of the company’s stock, valued at approximately $408,724.98. This trade represents a 8.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Seven Hills Realty Trust Trading Up 1.1%

Shares of Seven Hills Realty Trust stock traded up $0.07 during trading on Monday, hitting $6.62. 212,104 shares of the company’s stock were exchanged, compared to its average volume of 138,176. The business has a 50-day simple moving average of $7.06 and a 200-day simple moving average of $8.04. Seven Hills Realty Trust has a 52-week low of $5.98 and a 52-week high of $9.81.

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

Seven Hills Realty Trust Announces Dividend

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SEVN. Rockefeller Capital Management L.P. acquired a new stake in Seven Hills Realty Trust during the 4th quarter worth $37,000. Deutsche Bank AG acquired a new stake in shares of Seven Hills Realty Trust in the second quarter valued at about $156,000. Bank of America Corp DE purchased a new position in shares of Seven Hills Realty Trust in the second quarter worth about $169,000. Sei Investments Co. lifted its stake in shares of 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 buying an additional 11,400 shares in the last quarter. Finally, Odyssean LLC lifted its stake in shares of 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 buying an additional 31,189 shares in the last quarter.

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.