Seven Hills Realty Trust (NASDAQ:SEVN) Now Covered by Janney Montgomery Scott

Analysts at Janney Montgomery Scott assumed coverage on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a note issued to investors on Friday, Briefing.com reports. The firm set a “buy” rating and a $15.00 price target on the stock. Janney Montgomery Scott’s price target would indicate a potential upside of 14.33% from the company’s previous close.

Several other equities analysts also recently weighed in on SEVN. JMP Securities raised their price objective on Seven Hills Realty Trust from $13.50 to $14.00 and gave the company a “market outperform” rating in a research note on Thursday, June 27th. Jonestrading reissued a “buy” rating and set a $15.00 price target on shares of Seven Hills Realty Trust in a research report on Tuesday, April 30th.

Seven Hills Realty Trust Stock Down 2.0 %

NASDAQ SEVN opened at $13.12 on Friday. Seven Hills Realty Trust has a 1-year low of $9.58 and a 1-year high of $14.33. The business has a 50 day moving average price of $12.81 and a 200 day moving average price of $12.77.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings data on Monday, July 29th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $9.38 million during the quarter.

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in SEVN. EP Wealth Advisors LLC acquired a new position in Seven Hills Realty Trust in the fourth quarter valued at $490,000. Jump Financial LLC acquired a new position in Seven Hills Realty Trust in the fourth quarter valued at $132,000. Kore Advisors LP acquired a new position in Seven Hills Realty Trust in the fourth quarter valued at $1,593,000. Kingsview Wealth Management LLC acquired a new position in Seven Hills Realty Trust in the fourth quarter valued at $434,000. Finally, Scotia Capital Inc. lifted its stake in shares of Seven Hills Realty Trust by 7.4% during the fourth quarter. Scotia Capital Inc. now owns 75,357 shares of the company’s stock worth $975,000 after purchasing an additional 5,163 shares in the last quarter.

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.