Sun Sep 15 09:55:05 UTC 2024: ## Acadian Asset Management Reduces Stake in Seven Hills Realty Trust

**NEW YORK, Sept 15, 2024** – Acadian Asset Management LLC, a prominent institutional investor, trimmed its holdings in Seven Hills Realty Trust (NASDAQ:SEVN) by 11.4% during the second quarter, according to a recent filing with the Securities & Exchange Commission. The firm now owns 133,225 shares of the real estate investment trust, valued at $1,688,000.

This move comes amidst a period of increased investor activity in SEVN. Several other large investors have also recently adjusted their positions, including Jump Financial LLC, Bailard Inc., Kingsview Wealth Management LLC, Bank of New York Mellon Corp, and EP Wealth Advisors LLC, all of whom purchased new stakes in the company.

Analysts are generally bullish on Seven Hills Realty Trust. JMP Securities recently raised its price objective on the stock to $14.00, while Janney Montgomery Scott initiated coverage with a “buy” rating and a $15.00 price target.

SEVN opened at $13.88 on Friday, with a 50-day simple moving average of $13.42 and a 200-day simple moving average of $12.91. The stock has traded between a 1-year low of $9.58 and a 1-year high of $14.33.

The company reported strong quarterly earnings on July 29th, exceeding analysts’ expectations with earnings per share of $0.38 and revenue of $9.38 million. Seven Hills Realty Trust also recently declared a quarterly dividend of $0.35, payable on August 15th, representing a dividend yield of 10.09%.

Seven Hills Realty Trust focuses on originating and investing in commercial real estate loans, primarily in the middle market and transitional sectors. The company operates as a real estate investment trust (REIT), allowing it to avoid corporate income tax on distributed profits.

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