Seven Hills Realty Trust (NASDAQ:SEVN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $10.3750.

Several research firms have recently issued reports on SEVN. UBS Group initiated coverage on Seven Hills Realty Trust in a research report on Tuesday, June 2nd. They set a “buy” rating and a $10.00 target price for the company. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday.

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of hedge funds have recently modified their holdings of SEVN. Strs Ohio acquired a new position in shares of Seven Hills Realty Trust in the first quarter valued at approximately $30,000. BNP Paribas Financial Markets lifted its stake in Seven Hills Realty Trust by 72.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock valued at $31,000 after acquiring an additional 1,255 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Seven Hills Realty Trust during the second quarter worth $41,000. Rockefeller Capital Management L.P. acquired a new stake in Seven Hills Realty Trust in the 4th quarter valued at $37,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position 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 worth $62,000 after buying an additional 4,084 shares in the last quarter.

Seven Hills Realty Trust Price Performance

SEVN stock opened at $8.53 on Friday. The business’s fifty day moving average is $8.36 and its 200-day moving average is $8.57. Seven Hills Realty Trust has a twelve month low of $7.90 and a twelve month high of $12.86.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $8.34 million for the quarter, compared to analyst estimates of $8.65 million.

Seven Hills Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend was Tuesday, April 21st. Seven Hills Realty Trust’s payout ratio is presently 76.78%.

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.