Seven Hills Realty Trust (NASDAQ:SEVN) Stock: Insider Thomas Lorenzini Buys 5,000 Shares

Seven Hills Realty Trust (NASDAQ:SEVN) insider Thomas Lorenzini acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average price of $6.59 per share, for a total transaction of $32,950.00. Following the purchase, the insider owned 62,022 shares of the company’s stock, valued at $408,724.98. This trade represents a 8.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Seven Hills Realty Trust Price Performance

Shares of NASDAQ SEVN opened at $6.64 on Wednesday. The firm’s 50-day moving average price is $7.02 and its two-hundred day moving average price is $8.02. Seven Hills Realty Trust has a 52-week low of $5.98 and a 52-week high of $9.81.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its earnings results on Tuesday, October 27th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The company 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 16.9%. The ex-dividend date is Monday, October 19th. Seven Hills Realty Trust’s dividend payout ratio is presently 76.78%.

Analyst Ratings Changes

SEVN has been the topic of several analyst reports. 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 reduced 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 report on Thursday, October 29th. Zacks Research raised shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Seven Hills Realty Trust in a report on Thursday, October 29th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.75.

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of hedge funds have recently made changes to their positions in SEVN. BlackRock Inc. acquired a new position in shares of Seven Hills Realty Trust during the second quarter worth approximately $17,284,000. Flat Footed LLC bought a new position in Seven Hills Realty Trust in the 2nd quarter worth approximately $700,052. Bank of New York Mellon Corp acquired a new stake in Seven Hills Realty Trust in the 2nd quarter valued at approximately $469,000. Odyssean LLC increased its position in Seven Hills Realty Trust by 289.2% in the 2nd quarter. Odyssean LLC now owns 41,973 shares of the company’s stock valued at $354,000 after acquiring an additional 31,189 shares during the period. Finally, Bank of America Corp DE increased its position in Seven Hills Realty Trust by 6.9% in the 1st quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock valued at $212,000 after acquiring an additional 1,667 shares during the period.

About Seven Hills Realty Trust

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.