Seven Hills Realty Trust (NASDAQ:SEVN) Downgraded by Zacks Research to Strong Sell

Seven Hills Realty Trust (NASDAQ:SEVN) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other brokerages have also recently weighed in on SEVN. JonesTrading reissued a “buy” rating and set a $10.00 price objective on shares of Seven Hills Realty Trust in a research note on Wednesday. UBS Group began coverage on shares of Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.38.

Seven Hills Realty Trust Trading Up 0.1%

SEVN stock opened at $7.54 on Thursday. The firm has a 50 day moving average of $8.33 and a 200-day moving average of $8.44. Seven Hills Realty Trust has a 12-month low of $7.36 and a 12-month high of $11.15.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $8.13 million during the quarter, compared to analysts’ expectations of $8.76 million.

Institutional Investors Weigh In On Seven Hills Realty Trust

Several hedge funds have recently modified their holdings of SEVN. Royal Bank of Canada grew its holdings in Seven Hills Realty Trust by 4.9% in the first quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock valued at $242,000 after purchasing an additional 900 shares during the period. Jane Street Group LLC purchased a new position in Seven Hills Realty Trust during the first quarter worth approximately $608,000. Strs Ohio purchased a new position in Seven Hills Realty Trust during the first quarter worth approximately $30,000. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 16,514 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Seven Hills Realty Trust during the 2nd quarter valued at $147,000.

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.