Seven Hills Realty Trust (NASDAQ:SEVN) Receives $10.12 Consensus Target Price from Analysts

Seven Hills Realty Trust (NASDAQ:SEVN) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $10.1250.

SEVN has been the subject of a number of analyst reports. UBS Group began coverage on shares of Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $10.00 price objective for the company. Citizens Jmp reiterated a “market outperform” rating and issued a $10.50 target price on shares of Seven Hills Realty Trust in a research note on Tuesday, September 1st. Zacks Research cut shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Finally, JonesTrading reissued a “buy” rating and set a $10.00 price target on shares of Seven Hills Realty Trust in a research report on Wednesday, July 29th.

Institutional Trading of Seven Hills Realty Trust

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in Seven Hills Realty Trust during the second quarter valued at approximately $169,000. Odyssean LLC raised its stake in Seven Hills Realty Trust by 289.2% during the 2nd quarter. Odyssean LLC now owns 41,973 shares of the company’s stock valued at $354,000 after buying an additional 31,189 shares during the last quarter. Flat Footed LLC purchased a new stake in Seven Hills Realty Trust during the 2nd quarter valued at $700,052. BlackRock Inc. bought a new position in shares of Seven Hills Realty Trust during the 2nd quarter valued at $17,284,000. Finally, Deutsche Bank AG purchased a new position in shares of Seven Hills Realty Trust in the 2nd quarter worth $156,000.

Seven Hills Realty Trust Stock Performance

Shares of SEVN opened at $7.40 on Thursday. Seven Hills Realty Trust has a fifty-two week low of $7.31 and a fifty-two week high of $11.15. The firm’s 50-day simple moving average is $7.80 and its two-hundred day simple moving average is $8.17.

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

Seven Hills Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $1.12 dividend on an annualized basis and a yield of 15.1%. Seven Hills Realty Trust’s payout ratio is 76.78%.

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.