Seven Hills Realty Trust’s (SEVN) Market Outperform Rating Reiterated at Citizens Jmp

Seven Hills Realty Trust (NASDAQ:SEVN)‘s stock had its “market outperform” rating reaffirmed by equities research analysts at Citizens Jmp in a research report issued on Tuesday, Benzinga reports. They presently have a $10.50 price target on the stock. Citizens Jmp’s price objective suggests a potential upside of 38.89% from the stock’s previous close.

A number of other research analysts have also recently commented on SEVN. Zacks Research cut Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. UBS Group initiated coverage on Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price objective for the company. Finally, JonesTrading restated a “buy” rating and issued a $10.00 price objective on shares of Seven Hills Realty Trust in a research note on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Seven Hills Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $10.12.

Seven Hills Realty Trust Stock Down 0.1%

NASDAQ:SEVN opened at $7.56 on Tuesday. Seven Hills Realty Trust has a 12 month low of $7.36 and a 12 month high of $11.15. The firm’s 50 day moving average is $8.02 and its 200 day moving average is $8.26.

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

Hedge Funds Weigh In On Seven Hills Realty Trust

Several hedge funds have recently made changes to their positions in SEVN. Strs Ohio bought a new stake in shares of Seven Hills Realty Trust during the 1st quarter valued at $30,000. BNP Paribas Financial Markets lifted its holdings in 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 worth $31,000 after purchasing an additional 1,255 shares in the last quarter. Raymond James Financial Inc. bought a new position in Seven Hills Realty Trust in the 2nd quarter worth about $41,000. Rockefeller Capital Management L.P. bought a new position in Seven Hills Realty Trust in the 4th quarter worth about $37,000. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in Seven Hills Realty Trust by 141.5% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock valued at $62,000 after buying an additional 4,084 shares in 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.