Seven Hills Realty Trust (NASDAQ:SEVN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.3750.

A number of research analysts have weighed in on the stock. Zacks Research cut shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. JonesTrading lowered their price objective on shares of Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Finally, UBS Group assumed coverage on shares of Seven Hills Realty Trust in a report on Tuesday. They issued a “buy” rating and a $10.00 target price for the company.

Seven Hills Realty Trust Stock Down 1.4%

Shares of NASDAQ:SEVN opened at $8.41 on Tuesday. Seven Hills Realty Trust has a 1-year low of $7.90 and a 1-year high of $12.86. The firm’s 50 day simple moving average is $8.29 and its two-hundred day simple moving average is $8.63.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $8.34 million for the quarter, compared to the consensus estimate of $8.65 million.

Seven Hills Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, April 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.3%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 76.78%.

Institutional Trading of Seven Hills Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of SEVN. Strs Ohio purchased a new position in Seven Hills Realty Trust during the 1st quarter valued at about $30,000. BNP Paribas Financial Markets increased its holdings in shares of Seven Hills Realty Trust by 72.2% in the third quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock valued at $31,000 after purchasing an additional 1,255 shares during the period. Rockefeller Capital Management L.P. acquired a new position in shares of Seven Hills Realty Trust in the fourth quarter valued at approximately $37,000. Raymond James Financial Inc. acquired a new position in shares of Seven Hills Realty Trust in the second quarter valued at approximately $41,000. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Seven Hills Realty Trust by 141.5% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock valued at $62,000 after purchasing an additional 4,084 shares during the period.

About Seven Hills Realty Trust

Seven Hills Realty Trust is a real estate investment trust that focuses on the ownership and operation of grocery-anchored neighborhood and community shopping centers. Established in October 2018 and trading on the NASDAQ under the symbol SEVN, the company targets retail properties that are anchored by essential retailers, including leading grocery chains and national discount operators. Its strategy centers on acquiring assets with strong tenant credit profiles and stable, long-term lease agreements.

The company’s portfolio spans multiple Sun Belt and Southeastern markets, with properties located in states such as Florida, Texas, North Carolina and Georgia.