Seven Hills Realty Trust (NASDAQ:SEVN) Announces Quarterly Earnings Results

Seven Hills Realty Trust (NASDAQ:SEVN) announced its earnings results on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24, FiscalAI reports. The firm had revenue of $8.34 million during the quarter, compared to analysts’ expectations of $8.65 million.

Seven Hills Realty Trust Stock Up 0.7%

Shares of SEVN stock traded up $0.06 during trading hours on Tuesday, reaching $8.20. 88,875 shares of the company traded hands, compared to its average volume of 110,200. Seven Hills Realty Trust has a 12-month low of $7.90 and a 12-month high of $12.86. The firm has a 50-day moving average price of $8.39 and a 200 day moving average price of $8.87.

Seven Hills Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st 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 13.7%. The ex-dividend date of this dividend is Tuesday, April 21st. Seven Hills Realty Trust’s payout ratio is presently 76.78%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SEVN shares. LADENBURG THALM/SH SH started coverage on Seven Hills Realty Trust in a research report on Wednesday, January 7th. They issued a “buy” rating and a $10.00 target price on the stock. JonesTrading dropped their target price on Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Finally, Zacks Research raised Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Seven Hills Realty Trust presently has an average rating of “Moderate Buy” and an average target price of $10.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SEVN. Geode Capital Management LLC lifted its position in shares of Seven Hills Realty Trust by 55.6% during the 4th quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock valued at $4,964,000 after buying an additional 199,318 shares in the last quarter. State Street Corp lifted its position in shares of Seven Hills Realty Trust by 75.2% during the 4th quarter. State Street Corp now owns 313,699 shares of the company’s stock valued at $2,792,000 after buying an additional 134,649 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Seven Hills Realty Trust by 162.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 112,802 shares of the company’s stock valued at $1,004,000 after buying an additional 69,861 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Seven Hills Realty Trust by 76.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 120,745 shares of the company’s stock valued at $1,075,000 after buying an additional 52,469 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Seven Hills Realty Trust during the 1st quarter valued at about $608,000.

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.