Seven Hills Realty Trust (NASDAQ:SEVN) Stock Gets Price Target Reduction from Citizens Jmp

Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) had its price target decreased by Citizens Jmp from $10.50 to $9.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp‘s target price points to a potential upside of 34.63% from the company’s previous close.

SEVN has been the topic of several other research reports. JonesTrading reaffirmed a “buy” rating and set a $10.00 target price on shares of Seven Hills Realty Trust in a research note on Wednesday, July 29th. Zacks Research raised shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Finally, Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Seven Hills Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.75.

Check Out Our Latest Stock Report on Seven Hills Realty Trust

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ SEVN traded up $0.04 during midday trading on Thursday, hitting $6.68. The stock had a trading volume of 58,812 shares, compared to its average volume of 137,293. The stock has a 50 day simple moving average of $7.11 and a 200-day simple moving average of $8.06. Seven Hills Realty Trust has a 1 year low of $5.98 and a 1 year high of $9.81.

Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The firm had revenue of $8.27 million during the quarter, compared to analyst estimates of $8.69 million.

Institutional Trading of Seven Hills Realty Trust

Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE acquired a new position in Seven Hills Realty Trust in the 2nd quarter valued at about $169,000. Odyssean LLC grew its holdings in shares of Seven Hills Realty Trust by 289.2% during the 2nd quarter. Odyssean LLC now owns 41,973 shares of the company’s stock worth $354,000 after purchasing an additional 31,189 shares during the period. Flat Footed LLC acquired a new stake in shares of Seven Hills Realty Trust during the 2nd quarter worth about $700,052. BlackRock Inc. acquired a new stake in shares of Seven Hills Realty Trust during the 2nd quarter worth about $17,284,000. Finally, Deutsche Bank AG purchased a new position in Seven Hills Realty Trust during the second quarter worth about $156,000.

Seven Hills Realty Trust Company Profile

(Get Free Report)

Seven Hills Realty Trust (NASDAQ: SEVN) is a real estate investment trust focused on originating and investing in senior mortgage loans secured by commercial real estate properties. The company primarily provides financing to owners and operators of middle-market and transitional properties, seeking to generate income from interest payments and other loan-related returns.

Its investments are generally backed by properties such as office buildings, industrial facilities, multifamily housing, hotels and other commercial real estate.

Further Reading

Analyst Recommendations for Seven Hills Realty Trust (NASDAQ:SEVN)

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