Flat Footed LLC Sells 231,240 Shares of Seven Hills Realty Trust $SEVN

Flat Footed LLC lowered its stake in shares of Seven Hills Realty Trust (NASDAQ:SEVN) by 34.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 433,192 shares of the company’s stock after selling 231,240 shares during the period. Seven Hills Realty Trust accounts for 0.4% of Flat Footed LLC’s investment portfolio, making the stock its 13th biggest holding. Flat Footed LLC’s holdings in Seven Hills Realty Trust were worth $3,561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Seven Hills Realty Trust by 4.9% during the first quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock valued at $242,000 after purchasing an additional 900 shares during the period. Jane Street Group LLC purchased a new stake in Seven Hills Realty Trust in the first quarter worth $608,000. Strs Ohio bought a new stake in shares of Seven Hills Realty Trust in the first quarter valued at $30,000. Geode Capital Management LLC raised its stake in shares of Seven Hills Realty Trust by 5.0% in the second quarter. Geode Capital Management LLC now owns 350,038 shares of the company’s stock valued at $4,225,000 after buying an additional 16,514 shares during the period. Finally, Invesco Ltd. purchased a new position in shares of Seven Hills Realty Trust during the 2nd quarter valued at $147,000.

Seven Hills Realty Trust Price Performance

Seven Hills Realty Trust stock opened at $7.90 on Monday. Seven Hills Realty Trust has a 1-year low of $7.78 and a 1-year high of $11.15. The firm’s 50 day simple moving average is $8.39 and its 200 day simple moving average is $8.48.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.24 EPS 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.

Seven Hills Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date is Monday, July 20th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 76.78%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group initiated coverage on Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $10.00 price target for the company. Zacks Research upgraded Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.38.

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.