Morgan Stanley Smith Barney LLC has recently announced that it has increased stake in Seven Hills Realty Trust (NASDAQ:SEVN) by 2.25%. After grabbing 0.77 million shares, the institutional investor is now in possession of 17008.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 5.25% having worth around $7.33 million. Moreover, Independent Advisor Alliance LLC increased its share by 61560.0 to have a control over 0.65 million shares. And The Vanguard Group, Inc. raised its holdings to 21074.0 shares by acquiring 0.54 million shares or 3.64% of the stake.
Seven Hills Realty Trust (SEVN) concluded trading on 01/12/23 at a closing price of $10.50, with 0.36 million shares of worth about $3.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.42% during that period and on Thursday the price saw a gain of about 14.88%. Currently the company’s common shares owned by public are about 14.55M shares, out of which, 11.71M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the SEVN stock and their offered price forecasts bring an average price target of $12.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.00 and could fall to a lowest price of $12.50. The stock’s current price level is 17.65% above of average price target set by the analysts, while a rise to estimated low would result in gain of 16.0% for the stock. However, touching the estimated high of $13.00 would mean a gain of 19.23% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 17 times over the past 12 months. They bought 63,500 shares in 12 of the transactions. In 5 selling transactions, insiders dumped 8,515 shares.
Vanguard Total Stock Market Index, Matisse Discounted Closed End Fun, and Special Opportunities Fund, Inc. are the top 3 mutual funds which are holding stakes in Seven Hills Realty Trust Vanguard Total Stock Market Index is currently holding 0.47 million shares of worth totaling $4.46 million. The company recently came buying 0.14 million shares which brought its stake up to 3.19% of the company’s outstanding shares. Special Opportunities Fund, Inc., after buying 0.27 million shares, have now control over 1.86% of the stake in the company. It holds 0.0 shares of worth $2.6 million.
Seven Hills Realty Trust (NASDAQ: SEVN) started trading at $9.31, above $0.17 from concluding price of the previous day. However, the stock later moved at a day high price of 10.59, or with a gain of 14.88%. Stock saw a price change of 17.58% in past 5 days and over the past one month there was a price change of 11.94%. Year-to-date (YTD), SEVN shares are showing a performance of 15.51% which decreased to -0.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.57 but also hit the highest price of $11.80 during that period. The average intraday trading volume for Seven Hills Realty Trust shares is 32.87K. The stock is currently trading 15.81% above its 20-day simple moving average (SMA20), while that difference is up 13.02% for SMA50 and it goes to 2.89% higher than SMA200.
Morgan Stanley Smith Barney LLC acquired 0.77 million shares of Seven Hills Realty Trust having value of about $7.33 million. Data submitted at the U.S SEC by Morgan Stanley Smith Barney LLC revealed that the firm now holds 17008.0 shares in the company valued at close to $178584.0, or have control over 2.25% stake in the company. Seven Hills Realty Trust (NASDAQ: SEVN) currently have 14.55M outstanding shares and institutions hold larger chunk of about 23.00% of that. Holding of mutual funds in the company is about 13.79% while other institutional holders and individual stake holders have control over 9.97% and 13.64% of the stake respectively.
The stock has a current market capitalization of $152.99M and its 3Y-monthly beta is at 1.04. PE ratio of stock for trailing 12 months is 3.67, while it has posted earnings per share of $2.86 in the same period. It has a debt-to-equity ratio of 1.88. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SEVN, volatility over the week remained 4.06% while standing at 2.90% over the month.
Analysts are in expectations that Seven Hills Realty Trust (SEVN) stock would likely to be making an EPS of $0.33 in the current quarter, while forecast for next quarter EPS is $0.34 and it is $1.5 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.33 which is $0.33 at the higher side of the target for the same.
Analysts at 2 brokerage firms have issued recommendations for the Seven Hills Realty Trust (SEVN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JMP Securities on June 29, 2022 offering a Mkt outperform rating for the stock and assigned a target price of $13.50 to it.
