Seven Hills Realty Trust (NASDAQ:SEVN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $12.1250.

Several equities research analysts have weighed in on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Seven Hills Realty Trust in a research report on Wednesday, January 7th. They issued a “buy” rating and a $10.00 price objective for the company. Zacks Research raised shares of Seven Hills Realty Trust to a “hold” rating in a research note on Friday, January 9th. Citizens Jmp dropped their price objective on shares of 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. Jones Trading reaffirmed a “buy” rating and set a $12.50 price objective on shares of Seven Hills Realty Trust in a report on Tuesday, October 28th. Finally, Citigroup reissued an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th.

Insider Activity

In other Seven Hills Realty Trust news, Director Adam D. Portnoy bought 2,015,748 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were bought at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the transaction, the director owned 4,577,835 shares in the company, valued at approximately $39,598,272.75. This trade represents a 78.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of Seven Hills Realty Trust stock in a transaction dated Thursday, December 11th. The stock was acquired at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the purchase, the insider directly owned 4,577,835 shares in the company, valued at approximately $39,598,272.75. The trade was a 78.68% increase in their position. The disclosure for this purchase is available in the SEC filing.

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors have recently bought and sold shares of SEVN. Royal Bank of Canada boosted its position in shares of Seven Hills Realty Trust by 4.9% in the 1st quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock worth $242,000 after purchasing an additional 900 shares during the last quarter. Jane Street Group LLC acquired a new position in Seven Hills Realty Trust in the first quarter valued at about $608,000. Strs Ohio bought a new position in Seven Hills Realty Trust during the first quarter worth about $30,000. Penserra Capital Management LLC grew its position in shares of Seven Hills Realty Trust by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 88,654 shares of the company’s stock worth $1,070,000 after buying an additional 2,590 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Seven Hills Realty Trust by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 350,038 shares of the company’s stock valued at $4,225,000 after acquiring an additional 16,514 shares during the last quarter.

Seven Hills Realty Trust Stock Up 0.2%

Seven Hills Realty Trust stock opened at $8.62 on Friday. The stock has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $9.82. Seven Hills Realty Trust has a 12-month low of $8.30 and a 12-month high of $13.44.

Seven Hills Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Monday, January 26th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 81.58%.

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.