Citizens Jmp Has Lowered Expectations for Seven Hills Realty Trust (NASDAQ:SEVN) Stock Price

Seven Hills Realty Trust (NASDAQ:SEVN) had its target price lowered by investment analysts at Citizens Jmp from $12.50 to $11.50 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s target price indicates a potential upside of 22.47% from the company’s previous close.

SEVN has been the subject of several other research reports. Jones Trading restated a “buy” rating and issued a $12.50 price target on shares of Seven Hills Realty Trust in a report on Tuesday, October 28th. Zacks Research raised shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a report on Tuesday. Four 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $12.83.

Seven Hills Realty Trust Trading Up 2.4%

Shares of SEVN opened at $9.39 on Tuesday. Seven Hills Realty Trust has a fifty-two week low of $8.30 and a fifty-two week high of $13.97. The stock has a fifty day moving average of $9.34 and a two-hundred day moving average of $10.48.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.03 EPS for the quarter. The business had revenue of $2.00 million during the quarter.

Insider Buying and Selling

In other Seven Hills Realty Trust news, Director Adam D. Portnoy purchased 2,015,748 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were purchased at an average price of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the acquisition, the director owned 4,577,835 shares of the company’s stock, valued at approximately $39,598,272.75. This represents a 78.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Tremont Realty Capital Llc purchased 2,015,748 shares of Seven Hills Realty Trust stock in a transaction on Thursday, December 11th. The shares were acquired at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the transaction, the insider owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. This represents a 78.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Seven Hills Realty Trust in the 1st quarter valued at $30,000. BNP Paribas Financial Markets boosted its position in shares of Seven Hills Realty Trust by 72.2% in the third quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock worth $31,000 after buying an additional 1,255 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Seven Hills Realty Trust in the second quarter valued at about $35,000. Raymond James Financial Inc. acquired a new stake in shares of Seven Hills Realty Trust in the second quarter valued at about $41,000. Finally, Bailard Inc. purchased a new stake in shares of Seven Hills Realty Trust during the 3rd quarter valued at about $108,000.

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.