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

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $10.3750.

A number of equities research analysts have issued reports on SEVN shares. Zacks Research downgraded shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. UBS Group started coverage on shares of Seven Hills Realty Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price for the company.

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEVN. Royal Bank of Canada lifted its position in 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 buying an additional 900 shares in the last quarter. Jane Street Group LLC acquired a new position in Seven Hills Realty Trust in the first quarter worth approximately $608,000. Strs Ohio acquired a new position in Seven Hills Realty Trust in the first quarter worth approximately $30,000. Geode Capital Management LLC increased its holdings 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 worth $4,225,000 after buying an additional 16,514 shares during the last quarter. Finally, Invesco Ltd. acquired a new position in Seven Hills Realty Trust in the second quarter worth approximately $147,000.

Seven Hills Realty Trust Price Performance

NASDAQ SEVN opened at $9.01 on Friday. The company has a 50 day simple moving average of $8.35 and a 200-day simple moving average of $8.59. Seven Hills Realty Trust has a 52-week low of $7.90 and a 52-week high of $12.86.

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

Seven Hills Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were given a $0.28 dividend. The ex-dividend date was Tuesday, April 21st. This represents a $1.12 dividend on an annualized basis and a yield of 12.4%. Seven Hills Realty Trust’s dividend payout ratio is presently 76.78%.

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.