Seven Hills Realty Trust (NASDAQ:SEVN) Price Target Raised to $14.00 at JMP Securities

Seven Hills Realty Trust (NASDAQ:SEVN) had its target price increased by JMP Securities from $13.50 to $14.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a market outperform rating on the stock.

Separately, Jonestrading reiterated a buy rating and issued a $15.00 price objective on shares of Seven Hills Realty Trust in a report on Tuesday, April 30th.

Seven Hills Realty Trust Trading Down 3.2 %

Shares of Seven Hills Realty Trust stock opened at $12.20 on Thursday. The stock has a 50-day simple moving average of $12.51 and a 200-day simple moving average of $12.73. Seven Hills Realty Trust has a 52-week low of $9.58 and a 52-week high of $14.08.

Seven Hills Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd were paid a $0.35 dividend. The ex-dividend date was Friday, April 19th. This represents a $1.40 annualized dividend and a dividend yield of 11.48%. Seven Hills Realty Trust’s payout ratio is 95.97%.

Institutional Investors Weigh In On Seven Hills Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in Seven Hills Realty Trust during the fourth quarter worth $132,000. Citigroup Inc. acquired a new position in shares of Seven Hills Realty Trust in the 3rd quarter worth approximately $255,000. Kingsview Wealth Management LLC acquired a new stake in Seven Hills Realty Trust in the 4th quarter valued at $434,000. EP Wealth Advisors LLC bought a new stake in Seven Hills Realty Trust in the fourth quarter valued at $490,000. Finally, Crescent Grove Advisors LLC bought a new stake in Seven Hills Realty Trust in the first quarter valued at $511,000.

Seven Hills Realty Trust Company Profile

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.