Seven Hills Realty Trust’s (SEVN) Market Outperform Rating Reaffirmed at JMP Securities

Seven Hills Realty Trust (NASDAQ:SEVN)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a research note issued to investors on Thursday,Benzinga reports. They presently have a $14.50 price objective on the stock. JMP Securities’ price objective indicates a potential upside of 25.87% from the stock’s previous close.

Seven Hills Realty Trust Trading Down 0.2 %

SEVN traded down $0.02 during trading on Thursday, hitting $11.52. The company had a trading volume of 5,606 shares, compared to its average volume of 68,298. Seven Hills Realty Trust has a 1-year low of $10.18 and a 1-year high of $14.66. The business has a 50-day moving average of $12.66 and a 200-day moving average of $13.06.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $7.68 million during the quarter, compared to analyst estimates of $8.29 million.

Institutional Trading of Seven Hills Realty Trust

Several institutional investors have recently added to or reduced their stakes in SEVN. Wells Fargo & Company MN grew its position in shares of Seven Hills Realty Trust by 23.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,493 shares of the company’s stock valued at $111,000 after buying an additional 1,633 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Seven Hills Realty Trust during the third quarter valued at approximately $147,000. Bank of America Corp DE grew its holdings in shares of Seven Hills Realty Trust by 60.9% during the fourth quarter. Bank of America Corp DE now owns 11,609 shares of the company’s stock valued at $152,000 after purchasing an additional 4,395 shares during the last quarter. Sanders Morris Harris LLC acquired a new stake in shares of Seven Hills Realty Trust during the 1st quarter worth approximately $175,000. Finally, Barclays PLC lifted its holdings in shares of Seven Hills Realty Trust by 20.9% in the 3rd quarter. Barclays PLC now owns 17,047 shares of the company’s stock worth $235,000 after purchasing an additional 2,947 shares during the last quarter.

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.