Jones Trading Lowers Seven Hills Realty Trust (NASDAQ:SEVN) Price Target to $12.50

Seven Hills Realty Trust (NASDAQ:SEVN) had its price objective lowered by equities research analysts at Jones Trading from $15.00 to $12.50 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jones Trading’s price objective would indicate a potential upside of 21.83% from the stock’s current price.

Separately, JMP Securities reissued a “market outperform” rating and set a $14.50 price objective on shares of Seven Hills Realty Trust in a report on Thursday, April 10th.

Seven Hills Realty Trust Stock Down 2.1%

Shares of SEVN stock opened at $10.26 on Tuesday. Seven Hills Realty Trust has a one year low of $10.18 and a one year high of $14.66. The stock has a fifty day moving average price of $11.65 and a 200 day moving average price of $12.15.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Monday, April 28th. The company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $7.59 million during the quarter, compared to the consensus estimate of $7.58 million.

Institutional Trading of Seven Hills Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Seven Hills Realty Trust by 4.9% in the first quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock valued at $242,000 after buying an additional 900 shares in the last quarter. Golden State Wealth Management LLC increased its position in Seven Hills Realty Trust by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,964 shares of the company’s stock worth $25,000 after purchasing an additional 982 shares during the period. Bank of New York Mellon Corp increased its position in Seven Hills Realty Trust by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 26,962 shares of the company’s stock worth $337,000 after purchasing an additional 1,087 shares during the period. Wells Fargo & Company MN increased its position in Seven Hills Realty Trust by 23.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,493 shares of the company’s stock worth $111,000 after purchasing an additional 1,633 shares during the period. Finally, Geode Capital Management LLC increased its position in Seven Hills Realty Trust by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 328,347 shares of the company’s stock worth $4,295,000 after purchasing an additional 2,091 shares during the period.

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.