Key Points
- Director Adam Portnoy bought 2,015,748 shares at an average price of $8.65 (totaling $17,436,220.20), increasing his stake to 4,577,835 shares — a 78.68% rise.
- High dividend yield: Seven Hills recently paid $0.28 per quarter ($1.12 annualized) for a yield of 12.1% and a payout ratio of 86.37%.
- Analyst and price snapshot: SEVN opened at $9.23 (1‑year range $8.30–$13.97) and carries a consensus "Moderate Buy" rating with an average target of $13.50.
Seven Hills Realty Trust (NASDAQ:SEVN - Get Free Report) Director Adam Portnoy acquired 2,015,748 shares of the business's stock in a transaction dated Thursday, December 11th. The stock was purchased at an average price of $8.65 per share, with a total value of $17,436,220.20. Following the completion of the transaction, the director directly owned 4,577,835 shares of the company's stock, valued at $39,598,272.75. This trade represents a 78.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Seven Hills Realty Trust Stock Up 3.2%
Seven Hills Realty Trust stock opened at $9.23 on Friday. Seven Hills Realty Trust has a 1-year low of $8.30 and a 1-year high of $13.97. The firm's 50 day simple moving average is $9.40 and its 200 day simple moving average is $10.55.
Seven Hills Realty Trust (NASDAQ:SEVN - Get Free Report) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.03 EPS for the quarter. The firm had revenue of $2.00 million for the quarter.
Seven Hills Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, October 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date was Monday, October 27th. Seven Hills Realty Trust's dividend payout ratio is currently 86.37%.
Wall Street Analyst Weigh In
SEVN has been the subject of a number of research analyst reports. Zacks Research upgraded Seven Hills Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Jones Trading reaffirmed a "buy" rating and issued a $12.50 target price on shares of Seven Hills Realty Trust in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $13.50.
Check Out Our Latest Research Report on SEVN
Hedge Funds Weigh In On Seven Hills Realty Trust
Several institutional investors have recently modified their holdings of SEVN. Vanguard Group Inc. lifted its position in Seven Hills Realty Trust by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 788,563 shares of the company's stock worth $8,130,000 after buying an additional 15,373 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Seven Hills Realty Trust by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 350,038 shares of the company's stock worth $4,225,000 after acquiring an additional 16,514 shares during the last quarter. Independent Advisor Alliance boosted its stake in shares of Seven Hills Realty Trust by 11.5% in the 3rd quarter. Independent Advisor Alliance now owns 302,517 shares of the company's stock valued at $3,119,000 after purchasing an additional 31,096 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Seven Hills Realty Trust by 3.5% in the 3rd quarter. Penserra Capital Management LLC now owns 91,756 shares of the company's stock valued at $946,000 after purchasing an additional 3,102 shares in the last quarter. Finally, Riverbridge Partners LLC grew its holdings in shares of Seven Hills Realty Trust by 41.8% during the 3rd quarter. Riverbridge Partners LLC now owns 85,655 shares of the company's stock valued at $883,000 after purchasing an additional 25,257 shares during the last quarter.
About Seven Hills Realty Trust
(
Get Free Report)
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.
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