Citigroup Inc. Purchases Shares of 23,362 Seven Hills Realty Trust (NASDAQ:SEVN)

Citigroup Inc. purchased a new stake in Seven Hills Realty Trust (NASDAQ:SEVN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,362 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Seven Hills Realty Trust in the 4th quarter valued at $27,000. UBS Group AG raised its holdings in shares of Seven Hills Realty Trust by 230.9% in the 1st quarter. UBS Group AG now owns 3,160 shares of the company’s stock valued at $32,000 after purchasing an additional 2,205 shares in the last quarter. Huntington National Bank acquired a new stake in shares of Seven Hills Realty Trust in the 2nd quarter valued at $41,000. Nisa Investment Advisors LLC raised its holdings in shares of Seven Hills Realty Trust by 55.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,342 shares of the company’s stock valued at $58,000 after purchasing an additional 1,900 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Seven Hills Realty Trust by 331.6% in the 3rd quarter. BlackRock Inc. now owns 9,258 shares of the company’s stock valued at $84,000 after purchasing an additional 7,113 shares in the last quarter.

Seven Hills Realty Trust Trading Up 0.3 %

Shares of NASDAQ:SEVN opened at $12.99 on Thursday. The company’s fifty day moving average price is $12.70 and its 200 day moving average price is $11.97. Seven Hills Realty Trust has a 12 month low of $9.01 and a 12 month high of $14.08.

Seven Hills Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 22nd were paid a $0.35 dividend. The ex-dividend date was Friday, January 19th. This represents a $1.40 dividend on an annualized basis and a yield of 10.78%. Seven Hills Realty Trust’s dividend payout ratio is presently 95.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SEVN shares. Jonestrading restated a “buy” rating and issued a $15.00 price objective on shares of Seven Hills Realty Trust in a report on Thursday, February 22nd. JMP Securities lifted their price target on shares of Seven Hills Realty Trust from $12.50 to $13.50 and gave the stock a “market outperform” rating in a research note on Wednesday, February 21st.

About Seven Hills Realty Trust

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.