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

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

Wall Street Analysts Forecast Growth

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

Seven Hills Realty Trust Price Performance

The business has a fifty day moving average of 10.31.

Seven Hills Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Monday, July 25th were issued 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEVN. Goldman Sachs Group Inc. lifted its position in Seven Hills Realty Trust by 2.4% in the second quarter. Goldman Sachs Group Inc. now owns 60,175 shares of the company’s stock worth $643,000 after purchasing an additional 1,408 shares during the period. State Street Corp lifted its position in Seven Hills Realty Trust by 150.1% in the second 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. Mariner Investment Group LLC lifted its position in Seven Hills Realty Trust by 10.1% in the second quarter. Mariner Investment Group LLC now owns 185,615 shares of the company’s stock worth $1,982,000 after purchasing an additional 17,080 shares during the period. Scotia Capital Inc. lifted its position in Seven Hills Realty Trust by 17.4% in the second quarter. Scotia Capital Inc. now owns 59,364 shares of the company’s stock worth $634,000 after purchasing an additional 8,780 shares during the period. Finally, Independent Advisor Alliance acquired a new stake in Seven Hills Realty Trust in the second quarter worth approximately $6,263,000.

Seven Hills Realty Trust Company Profile

(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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