Key Points
- Insider buying: Thomas Lorenzini purchased 5,000 Seven Hills Realty Trust shares for $32,950, increasing his direct ownership by 8.77% to 62,022 shares.
- Financial performance and dividend: SEVN met quarterly earnings expectations at $0.24 per share, though revenue of $8.27 million fell short of estimates. The company declared a $0.28 quarterly dividend, representing a 16.9% annualized yield.
- Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with a $9.75 price target, despite one firm cutting its target to $9.00; the stock recently traded near $6.62.
Seven Hills Realty Trust (NASDAQ:SEVN - Get Free Report) insider Thomas Lorenzini purchased 5,000 shares of the firm's stock in a transaction on Friday, October 30th. The shares were acquired at an average cost of $6.59 per share, with a total value of $32,950.00. Following the completion of the acquisition, the insider directly owned 62,022 shares in the company, valued at $408,724.98. The trade was a 8.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Seven Hills Realty Trust Stock Up 1.1%
NASDAQ:SEVN opened at $6.62 on Tuesday. Seven Hills Realty Trust has a 1 year low of $5.98 and a 1 year high of $9.81. The stock has a 50-day simple moving average of $7.04 and a 200-day simple moving average of $8.03.
Seven Hills Realty Trust (NASDAQ:SEVN - Get Free Report) last issued its 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 business had revenue of $8.27 million for the quarter, compared to analyst estimates of $8.69 million.
Seven Hills Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 16.9%. The ex-dividend date is Monday, October 19th. Seven Hills Realty Trust's dividend payout ratio is currently 76.78%.
Analyst Ratings Changes
SEVN has been the subject of several recent analyst reports. Citigroup restated an "outperform" rating on shares of Seven Hills Realty Trust in a research report on Thursday. JonesTrading reaffirmed a "buy" rating and issued a $10.00 target price on shares of Seven Hills Realty Trust in a research report on Wednesday, July 29th. Citizens Jmp dropped their target price on shares of Seven Hills Realty Trust from $10.50 to $9.00 and set a "market outperform" rating on the stock in a research report on Thursday, October 29th. Finally, Zacks Research upgraded shares of Seven Hills Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Monday, September 28th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $9.75.
Read Our Latest Analysis on SEVN
Institutional Trading of Seven Hills Realty Trust
Large investors have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Seven Hills Realty Trust by 6.9% during the 1st quarter. Bank of America Corp DE now owns 25,778 shares of the company's stock worth $212,000 after buying an additional 1,667 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Seven Hills Realty Trust in the fourth quarter valued at approximately $37,000. Sei Investments Co. boosted its holdings 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 valued at $187,000 after acquiring an additional 11,400 shares during the period. Deutsche Bank AG acquired a new stake in shares of Seven Hills Realty Trust in the second quarter valued at approximately $156,000. Finally, Odyssean LLC grew its position in shares of Seven Hills Realty Trust by 289.2% during the second quarter. Odyssean LLC now owns 41,973 shares of the company's stock worth $354,000 after acquiring an additional 31,189 shares during the last quarter.
About Seven Hills Realty Trust
(
Get Free Report)
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.
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