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

Seven Hills Realty Trust (NASDAQ:SEVN) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.3750.

A number of equities research analysts have commented on SEVN shares. UBS Group started coverage on Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price for the company. Zacks Research cut shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, JonesTrading reiterated a “buy” rating and issued a $10.00 price target on shares of Seven Hills Realty Trust in a report on Wednesday, July 29th.

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors have recently bought and sold shares of SEVN. Independent Advisor Alliance boosted its position in shares of Seven Hills Realty Trust by 29.0% in 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 in the last quarter. Strs Ohio raised its position in Seven Hills Realty Trust by 62.5% during the fourth quarter. Strs Ohio now owns 3,900 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Seven Hills Realty Trust in the second quarter valued at about $17,284,000. Deutsche Bank AG purchased a new stake in shares of Seven Hills Realty Trust in the second quarter valued at about $156,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Seven Hills Realty Trust in the second quarter valued at approximately $469,000.

Seven Hills Realty Trust Price Performance

SEVN opened at $7.76 on Friday. The business has a 50 day simple moving average of $8.16 and a 200-day simple moving average of $8.34. Seven Hills Realty Trust has a 12 month low of $7.36 and a 12 month high of $11.15.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $8.13 million during the quarter, compared to analysts’ expectations of $8.76 million.

Seven Hills Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were issued a $0.28 dividend. The ex-dividend date was Monday, July 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 14.4%. Seven Hills Realty Trust’s dividend payout ratio is currently 76.78%.

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.