Seven Hills Realty Trust (NASDAQ:SEVN) Given Average Rating of “Moderate Buy” by Analysts

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

SEVN has been the subject of a number of analyst reports. UBS Group started coverage on shares of Seven Hills Realty Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price objective for the company. Zacks Research upgraded Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th.

Institutional Investors Weigh In On Seven Hills Realty Trust

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in Seven Hills Realty Trust by 6.9% during the 1st quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock valued at $212,000 after purchasing an additional 1,667 shares during the period. Sei Investments Co. grew its stake in Seven Hills Realty Trust by 100.5% in the first quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock valued at $187,000 after acquiring an additional 11,400 shares during the period. Riverbridge Partners LLC increased its holdings in shares of Seven Hills Realty Trust by 7.7% during the first quarter. Riverbridge Partners LLC now owns 241,581 shares of the company’s stock valued at $1,986,000 after acquiring an additional 17,170 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Seven Hills Realty Trust during the fourth quarter worth approximately $294,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of Seven Hills Realty Trust during the fourth quarter worth approximately $37,000.

Seven Hills Realty Trust Stock Up 1.5%

Shares of Seven Hills Realty Trust stock opened at $8.16 on Wednesday. The business has a fifty day simple moving average of $8.41 and a 200 day simple moving average of $8.50. Seven Hills Realty Trust has a 12 month low of $7.90 and a 12 month high of $11.15.

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

Seven Hills Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.12 annualized dividend and a yield of 13.7%. Seven Hills Realty Trust’s payout ratio is presently 95.97%.

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.