Seven Hills Realty Trust (NASDAQ:SEVN) Research Coverage Started at Janney Montgomery Scott

Janney Montgomery Scott initiated coverage on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research note released on Friday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $15.00 target price on the stock.

A number of other research analysts have also weighed in on SEVN. JMP Securities lifted their price target on shares of Seven Hills Realty Trust from $13.50 to $14.00 and gave the company a market outperform rating in a research note on Thursday, June 27th. 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 Stock Down 4.3 %

Shares of SEVN opened at $12.42 on Friday. Seven Hills Realty Trust has a twelve month low of $9.58 and a twelve month high of $14.33. The firm’s 50 day moving average price is $12.82 and its two-hundred day moving average price is $12.74.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings results on Monday, July 29th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The company had revenue of $9.38 million during the quarter.

Seven Hills Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 22nd will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, July 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 11.27%. Seven Hills Realty Trust’s payout ratio is 71.98%.

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of institutional investors have recently modified their holdings of SEVN. Jump Financial LLC bought a new stake in Seven Hills Realty Trust during the fourth quarter worth about $132,000. Bailard Inc. acquired a new position in Seven Hills Realty Trust during the second quarter worth about $209,000. Kingsview Wealth Management LLC acquired a new position in Seven Hills Realty Trust during the fourth quarter worth about $434,000. Bank of New York Mellon Corp acquired a new position in Seven Hills Realty Trust during the second quarter worth about $454,000. Finally, EP Wealth Advisors LLC acquired a new position in Seven Hills Realty Trust during the fourth quarter worth about $490,000.

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.