Insider Buying: Seven Hills Realty Trust (NASDAQ:SEVN) Director Purchases $65,600.00 in Stock

Seven Hills Realty Trust (NASDAQ:SEVN) Director Matthew Jordan purchased 10,000 shares of the business’s stock in a transaction on Friday, October 30th. The stock was purchased at an average cost of $6.56 per share, with a total value of $65,600.00. Following the completion of the acquisition, the director owned 128,244 shares in the company, valued at approximately $841,280.64. This trade represents a 8.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available 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. The stock had a trading volume of 212,104 shares, compared to its average volume of 138,176. Seven Hills Realty Trust has a 12 month low of $5.98 and a 12 month high of $9.81. The business’s 50-day moving average is $7.06 and its 200 day moving average is $8.04.

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

Seven Hills Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Monday, October 19th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 16.9%. The ex-dividend date of this dividend is Monday, October 19th. Seven Hills Realty Trust’s payout ratio is currently 76.78%.

Wall Street Analysts Forecast Growth

SEVN has been the topic of a number of analyst reports. 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. Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a report on Thursday. Citizens Jmp dropped their price target on shares of 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. 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.75.

Institutional Investors Weigh In On Seven Hills Realty Trust

Large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. purchased a new position in shares of Seven Hills Realty Trust during the fourth quarter valued at approximately $37,000. Deutsche Bank AG purchased a new stake in Seven Hills Realty Trust in the second quarter worth $156,000. Bank of America Corp DE purchased a new stake in Seven Hills Realty Trust in the second quarter worth $169,000. Sei Investments Co. boosted its holdings 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 acquiring an additional 11,400 shares in the last quarter. Finally, Odyssean LLC boosted its holdings in Seven Hills Realty Trust by 289.2% in the second quarter. Odyssean LLC now owns 41,973 shares of the company’s stock valued at $354,000 after acquiring an additional 31,189 shares in the last quarter.

Seven Hills Realty Trust Company Profile

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.