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

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

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group initiated coverage on shares of Seven Hills Realty Trust in a research report on Tuesday, June 2nd. They set a “buy” rating and a $10.00 target price on the stock.

Seven Hills Realty Trust Price Performance

SEVN opened at $7.90 on Wednesday. Seven Hills Realty Trust has a 1 year low of $7.78 and a 1 year high of $11.15. The firm’s fifty day moving average price is $8.39 and its two-hundred day moving average price is $8.48.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its 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 analysts’ expectations of $8.65 million.

Seven Hills Realty Trust Announces Dividend

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

Institutional Trading of Seven Hills Realty Trust

A number of hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new position in Seven Hills Realty Trust in the 1st quarter valued at $30,000. BNP Paribas Financial Markets increased its position in shares of Seven Hills Realty Trust by 72.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock valued at $31,000 after purchasing an additional 1,255 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Seven Hills Realty Trust during the 2nd quarter worth $41,000. Rockefeller Capital Management L.P. bought a new stake in shares of Seven Hills Realty Trust during the 4th quarter worth $37,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Seven Hills Realty Trust by 141.5% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock worth $62,000 after buying an additional 4,084 shares during the last quarter.

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.