Seven Hills Realty Trust (NASDAQ:SEVN) Upgraded to Hold at Zacks Research

Seven Hills Realty Trust (NASDAQ:SEVN) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Separately, UBS Group initiated coverage on Seven Hills Realty Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $10.00 price objective for the company. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.38.

Seven Hills Realty Trust Trading Down 1.1%

Shares of NASDAQ SEVN opened at $8.43 on Monday. Seven Hills Realty Trust has a 12-month low of $7.90 and a 12-month high of $12.86. The firm’s 50-day simple moving average is $8.35 and its 200 day simple moving average is $8.58.

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

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of institutional investors have recently made changes to their positions in SEVN. Geode Capital Management LLC raised its holdings in Seven Hills Realty Trust by 55.6% in the fourth quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock worth $4,964,000 after purchasing an additional 199,318 shares during the period. Riverbridge Partners LLC increased its position in shares of Seven Hills Realty Trust by 162.0% in the 4th quarter. Riverbridge Partners LLC now owns 224,411 shares of the company’s stock valued at $1,997,000 after buying an additional 138,756 shares in the last quarter. State Street Corp raised its stake in Seven Hills Realty Trust by 75.2% during the 4th quarter. State Street Corp now owns 313,699 shares of the company’s stock worth $2,792,000 after buying an additional 134,649 shares during the period. Independent Advisor Alliance lifted its holdings in Seven Hills Realty Trust by 29.0% during the fourth quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock worth $3,474,000 after acquiring an additional 87,874 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Seven Hills Realty Trust by 162.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 112,802 shares of the company’s stock valued at $1,004,000 after acquiring an additional 69,861 shares during the period.

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.