Seven Hills Realty Trust (NASDAQ:SEVN) Stock Rating Upgraded by UBS Group

Seven Hills Realty Trust (NASDAQ:SEVN) was upgraded by research analysts at UBS Group to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Zacks Research cut shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research note 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 on the stock in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.38.

Seven Hills Realty Trust Stock Down 1.8%

NASDAQ SEVN opened at $8.49 on Tuesday. The company has a 50-day simple moving average of $8.30 and a 200-day simple moving average of $8.62. Seven Hills Realty Trust has a one year low of $7.90 and a one year high of $12.86.

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

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of hedge funds have recently added to or reduced their stakes in SEVN. Geode Capital Management LLC boosted its stake in shares of Seven Hills Realty Trust by 55.6% in the 4th quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock valued at $4,964,000 after purchasing an additional 199,318 shares during the last quarter. Riverbridge Partners LLC boosted its stake in Seven Hills Realty Trust by 162.0% during the 4th quarter. Riverbridge Partners LLC now owns 224,411 shares of the company’s stock worth $1,997,000 after acquiring an additional 138,756 shares during the last quarter. State Street Corp boosted its stake in Seven Hills Realty Trust by 75.2% during the 4th quarter. State Street Corp now owns 313,699 shares of the company’s stock worth $2,792,000 after acquiring an additional 134,649 shares during the last quarter. Independent Advisor Alliance raised its holdings in Seven Hills Realty Trust by 29.0% during the 4th quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock worth $3,474,000 after buying an additional 87,874 shares during the period. Finally, Adapt Wealth Advisors LLC acquired a new stake in Seven Hills Realty Trust during the 3rd quarter worth approximately $732,000.

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.