Seven Hills Realty Trust (NASDAQ:SEVN) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Seven Hills Realty Trust (NASDAQ:SEVN) posted its quarterly earnings results on Tuesday. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02), FiscalAI reports. The company had revenue of $8.13 million during the quarter, compared to analysts’ expectations of $8.76 million.

Seven Hills Realty Trust Stock Performance

Shares of Seven Hills Realty Trust stock traded up $0.04 during trading hours on Tuesday, hitting $8.04. The company’s stock had a trading volume of 183,105 shares, compared to its average volume of 119,473. Seven Hills Realty Trust has a twelve month low of $7.78 and a twelve month high of $11.15. The firm has a fifty day moving average of $8.38 and a 200-day moving average of $8.47.

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 given a $0.28 dividend. The ex-dividend date is Monday, July 20th. This represents a $1.12 dividend on an annualized basis and a yield of 13.9%. Seven Hills Realty Trust’s payout ratio is currently 76.78%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SEVN shares. UBS Group assumed coverage on Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price for the company. Zacks Research upgraded Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five equities research 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 an average rating of “Moderate Buy” and an average target price of $10.38.

Institutional Trading of Seven Hills Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of SEVN. Royal Bank of Canada boosted its stake in Seven Hills Realty Trust by 4.9% during the first quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock worth $242,000 after buying an additional 900 shares during the period. Jane Street Group LLC purchased a new stake in shares of Seven Hills Realty Trust in the 1st quarter valued at approximately $608,000. Strs Ohio acquired a new position in shares of Seven Hills Realty Trust in the 1st quarter worth approximately $30,000. Geode Capital Management LLC lifted its holdings in shares of Seven Hills Realty Trust by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 350,038 shares of the company’s stock worth $4,225,000 after acquiring an additional 16,514 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in shares of Seven Hills Realty Trust during the 2nd quarter worth approximately $147,000.

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.