LADENBURG THALM/SH SH Initiates Coverage on Seven Hills Realty Trust (NASDAQ:SEVN)

Stock analysts at LADENBURG THALM/SH SH began coverage on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research report issued on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $10.00 price target on the stock. LADENBURG THALM/SH SH’s target price points to a potential upside of 13.64% from the stock’s previous close.

SEVN has been the topic of a number of other reports. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Jones Trading reissued a “buy” rating and set a $12.50 target price on shares of Seven Hills Realty Trust in a report on Tuesday, October 28th. Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Tuesday, December 16th. Finally, Citizens Jmp reduced their price target on Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating for the company in a research report on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.13.

Seven Hills Realty Trust Price Performance

Shares of SEVN opened at $8.80 on Wednesday. Seven Hills Realty Trust has a fifty-two week low of $8.30 and a fifty-two week high of $13.97. The business has a 50-day moving average of $8.95 and a 200 day moving average of $10.18.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.03 EPS for the quarter. The business had revenue of $2.00 million for the quarter.

Insider Buying and Selling at Seven Hills Realty Trust

In other news, major shareholder Tremont Realty Capital Llc purchased 2,015,748 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was purchased at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the acquisition, the insider directly owned 4,577,835 shares in the company, valued at approximately $39,598,272.75. This trade represents a 78.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adam D. Portnoy purchased 2,015,748 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was purchased at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the acquisition, the director owned 4,577,835 shares of the company’s stock, valued at approximately $39,598,272.75. This trade represents a 78.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

Hedge Funds Weigh In On Seven Hills Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Seven Hills Realty Trust by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 788,563 shares of the company’s stock valued at $8,130,000 after acquiring an additional 15,373 shares during the last quarter. Geode Capital Management LLC raised its stake in 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 purchasing an additional 16,514 shares in the last quarter. Independent Advisor Alliance raised its stake in Seven Hills Realty Trust by 11.5% in the third quarter. Independent Advisor Alliance now owns 302,517 shares of the company’s stock valued at $3,119,000 after purchasing an additional 31,096 shares in the last quarter. Penserra Capital Management LLC lifted its position in Seven Hills Realty Trust by 3.5% during the third quarter. Penserra Capital Management LLC now owns 91,756 shares of the company’s stock valued at $946,000 after purchasing an additional 3,102 shares during the last quarter. Finally, Riverbridge Partners LLC grew its stake in Seven Hills Realty Trust by 41.8% in the 3rd quarter. Riverbridge Partners LLC now owns 85,655 shares of the company’s stock worth $883,000 after buying an additional 25,257 shares in the last quarter.

Seven Hills Realty Trust Company Profile

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.