Seven Hills Realty Trust (NASDAQ:SEVN) Given Buy Rating at Jonestrading

Jonestrading reaffirmed their buy rating on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research report released on Tuesday, Benzinga reports. Jonestrading currently has a $15.00 target price on the stock.

Separately, JMP Securities raised their price objective on shares of Seven Hills Realty Trust from $12.50 to $13.50 and gave the stock a market outperform rating in a research report on Wednesday, February 21st.

Seven Hills Realty Trust Stock Performance

Seven Hills Realty Trust stock opened at $12.82 on Tuesday. Seven Hills Realty Trust has a 12-month low of $9.01 and a 12-month high of $14.08. The company has a 50-day moving average price of $12.69 and a 200 day moving average price of $12.30.

Seven Hills Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 10.92%. The ex-dividend date of this dividend is Friday, April 19th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 95.97%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its stake in Seven Hills Realty Trust by 56.1% during the third quarter. Acadian Asset Management LLC now owns 158,447 shares of the company’s stock worth $1,729,000 after buying an additional 56,947 shares during the period. Citigroup Inc. purchased a new position in Seven Hills Realty Trust during the third quarter worth about $255,000. Golden Green Inc. boosted its stake in shares of Seven Hills Realty Trust by 7.5% in the third quarter. Golden Green Inc. now owns 30,703 shares of the company’s stock valued at $335,000 after purchasing an additional 2,149 shares during the period. Crescent Grove Advisors LLC purchased a new position in shares of Seven Hills Realty Trust in the third quarter valued at approximately $673,000. Finally, Scotia Capital Inc. lifted its stake in Seven Hills Realty Trust by 1.4% in the third quarter. Scotia Capital Inc. now owns 70,194 shares of the company’s stock worth $767,000 after acquiring an additional 954 shares during the last quarter.

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.