Seven Hills Realty Trust (NASDAQ:SEVN) Rating Lowered to Strong Sell at Zacks Research

Seven Hills Realty Trust (NASDAQ:SEVN) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on SEVN. LADENBURG THALM/SH SH initiated coverage on shares of Seven Hills Realty Trust in a research note on Wednesday, January 7th. They issued a “buy” rating and a $10.00 target price on the stock. JonesTrading reduced their price target on shares of Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

Seven Hills Realty Trust Stock Performance

NASDAQ SEVN traded up $0.16 on Thursday, reaching $8.33. The company’s stock had a trading volume of 119,796 shares, compared to its average volume of 109,900. The business has a 50-day moving average price of $8.36 and a 200 day moving average price of $8.85. Seven Hills Realty Trust has a 52 week low of $7.90 and a 52 week high of $12.86.

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, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $8.34 million during the quarter, compared to the consensus estimate of $8.65 million.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEVN. Geode Capital Management LLC boosted its position 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 valued at $4,964,000 after buying an additional 199,318 shares in the last quarter. Riverbridge Partners LLC boosted its position in Seven Hills Realty Trust by 162.0% in the fourth 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 boosted its position in Seven Hills Realty Trust by 75.2% in the fourth quarter. State Street Corp now owns 313,699 shares of the company’s stock valued at $2,792,000 after buying an additional 134,649 shares in the last quarter. Independent Advisor Alliance lifted its position in shares of 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 purchasing an additional 87,874 shares in the last quarter. Finally, Adapt Wealth Advisors LLC acquired a new position in shares of Seven Hills Realty Trust during the third quarter worth approximately $732,000.

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.