Seven Hills Realty Trust (NASDAQ:SEVN) Receives $10.38 Consensus PT from Analysts

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $10.3750.

A number of research firms have weighed in on SEVN. JonesTrading reduced 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 report on Thursday, February 19th. UBS Group began coverage on shares of Seven Hills Realty Trust in a research report on Tuesday. They set a “buy” rating and a $10.00 price objective for the company. Finally, 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.

Seven Hills Realty Trust Price Performance

Shares of NASDAQ SEVN opened at $8.51 on Tuesday. The company’s fifty day moving average price is $8.31 and its 200 day moving average price is $8.62. Seven Hills Realty Trust has a 1 year low of $7.90 and a 1 year high of $12.86.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $8.34 million for the quarter, compared to analysts’ expectations of $8.65 million.

Seven Hills Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders 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 yield of 13.2%. Seven Hills Realty Trust’s dividend payout ratio is currently 76.78%.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position 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 worth $242,000 after acquiring an additional 900 shares during the period. BNP Paribas Financial Markets raised its position in Seven Hills Realty Trust by 72.2% during the third quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock worth $31,000 after acquiring an additional 1,255 shares during the period. 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 period. Bank of America Corp DE raised its position in Seven Hills Realty Trust by 6.9% during the first quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock worth $212,000 after acquiring an additional 1,667 shares during the period. Finally, Penserra Capital Management LLC raised 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 worth $946,000 after acquiring an additional 3,102 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.