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

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

Analyst Upgrades and Downgrades

Separately, JMP Securities upgraded 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 report on Wednesday, June 29th.

Seven Hills Realty Trust Stock Down 1.2 %

The company has a 50-day moving average of 10.31.

Seven Hills Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Shareholders of record on Monday, July 25th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 10.05%. The ex-dividend date was Friday, July 22nd.

Institutional Trading of Seven Hills Realty Trust

Several large investors have recently added to or reduced their stakes in 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 valued at $169,000 after purchasing an additional 2,027 shares during the last quarter. State Street Corp lifted its stake in Seven Hills Realty Trust by 150.1% during the 2nd quarter. State Street Corp now owns 31,710 shares of the company’s stock worth $339,000 after acquiring an additional 19,030 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Seven Hills Realty Trust by 2.4% during 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. lifted its stake in Seven Hills Realty Trust by 17.4% during 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. lifted its stake in Seven Hills Realty Trust by 2.4% during 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.

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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