Seven Hills Realty Trust (NASDAQ:SEVN) Stock: Insider Matthew Jordan Buys 10,000 Shares

Seven Hills Realty Trust (NASDAQ:SEVN) Director Matthew Jordan acquired 10,000 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was purchased at an average cost of $6.56 per share, for a total transaction of $65,600.00. Following the purchase, the director directly owned 128,244 shares in the company, valued at approximately $841,280.64. This represents a 8.46% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this link.

Seven Hills Realty Trust Stock Performance

Shares of Seven Hills Realty Trust stock opened at $6.64 on Wednesday. The business has a fifty day simple moving average of $7.02 and a 200-day simple moving average of $8.02. Seven Hills Realty Trust has a fifty-two week low of $5.98 and a fifty-two week high of $9.81.

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, meeting the consensus estimate of $0.24. The firm had revenue of $8.27 million for the quarter, compared to the consensus estimate of $8.69 million.

Seven Hills Realty Trust Dividend Announcement

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

Institutional Trading of Seven Hills Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of SEVN. Bank of America Corp DE acquired a new position in Seven Hills Realty Trust during the second quarter valued at $169,000. Odyssean LLC boosted its position in Seven Hills Realty Trust by 289.2% during the 2nd 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 period. Flat Footed LLC acquired a new stake in Seven Hills Realty Trust during the 2nd quarter worth about $700,052. BlackRock Inc. acquired a new stake in Seven Hills Realty Trust during the 2nd quarter worth about $17,284,000. Finally, Deutsche Bank AG purchased a new position in Seven Hills Realty Trust during the 2nd quarter valued at about $156,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JonesTrading reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Seven Hills Realty Trust in a research note on Wednesday, July 29th. 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. Citizens Jmp reduced their target price on shares of Seven Hills Realty Trust from $10.50 to $9.00 and set a “market outperform” rating for the company in a report on Thursday, October 29th. Finally, Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Thursday, October 29th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Seven Hills Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $9.75.

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.