Seven Hills Realty Trust (NASDAQ:SEVN) Upgraded at Zacks Research

Zacks Research upgraded shares of Seven Hills Realty Trust (NASDAQ:SEVN) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

Separately, Jones Trading decreased their price objective on Seven Hills Realty Trust from $15.00 to $12.50 and set a “buy” rating for the company in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ SEVN opened at $10.41 on Monday. The business has a 50-day moving average of $10.66 and a 200-day moving average of $11.43. Seven Hills Realty Trust has a fifty-two week low of $10.01 and a fifty-two week high of $14.66.

Seven Hills Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were issued a dividend of $0.28 per share. The ex-dividend date was Monday, July 21st. This represents a $1.12 dividend on an annualized basis and a yield of 10.8%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 91.17%.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of SEVN. Golden State Wealth Management LLC grew its holdings in Seven Hills Realty Trust by 100.0% during 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. Strs Ohio acquired a new stake in Seven Hills Realty Trust during the first quarter worth approximately $30,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Seven Hills Realty Trust during the second quarter worth approximately $35,000. Raymond James Financial Inc. acquired a new stake in Seven Hills Realty Trust during the second quarter worth approximately $41,000. Finally, Invesco Ltd. acquired a new stake in Seven Hills Realty Trust during the second quarter worth approximately $147,000.

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.