Seven Hills Realty Trust (NASDAQ:SEVN) Trading Down 1.2%

Seven Hills Realty Trust (NASDAQ:SEVNGet Rating) shares traded down 1.2% on Thursday . The stock traded as low as 9.92 and last traded at 9.95. 28,271 shares were traded during mid-day trading, The stock had previously closed at 10.08.

Analyst Upgrades and Downgrades

Separately, JMP Securities raised shares of Seven Hills Realty Trust from a “market perform” rating to an “outperform” rating and set a $13.50 price objective for the company in a research note on Wednesday, June 29th.

Seven Hills Realty Trust Trading Down 1.2 %

The business’s 50-day simple moving average is 10.31.

Seven Hills Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Monday, July 25th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.05%. The ex-dividend date of this dividend was Friday, July 22nd.

Hedge Funds Weigh In On Seven Hills Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC lifted its stake in shares of Seven Hills Realty Trust by 14.7% in the 2nd quarter. Private Advisor Group LLC now owns 15,827 shares of the company’s stock worth $169,000 after purchasing an additional 2,027 shares during the period. State Street Corp lifted its stake in shares of Seven Hills Realty Trust by 150.1% in the 2nd quarter. State Street Corp now owns 31,710 shares of the company’s stock worth $339,000 after purchasing an additional 19,030 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Seven Hills Realty Trust by 2.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 56,196 shares of the company’s stock worth $600,000 after acquiring an additional 1,341 shares in the last quarter. Scotia Capital Inc. increased its holdings in Seven Hills Realty Trust by 17.4% in the 2nd quarter. Scotia Capital Inc. now owns 59,364 shares of the company’s stock worth $634,000 after acquiring an additional 8,780 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Seven Hills Realty Trust by 2.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 60,175 shares of the company’s stock worth $643,000 after acquiring an additional 1,408 shares in the last quarter.

About Seven Hills Realty Trust

(Get Rating)

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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