Independent Advisor Alliance Has $3.47 Million Stock Holdings in Seven Hills Realty Trust $SEVN

Independent Advisor Alliance boosted its stake in Seven Hills Realty Trust (NASDAQ:SEVN) by 29.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 390,391 shares of the company’s stock after purchasing an additional 87,874 shares during the quarter. Independent Advisor Alliance’s holdings in Seven Hills Realty Trust were worth $3,474,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SEVN. Adapt Wealth Advisors LLC bought a new stake in Seven Hills Realty Trust in the 3rd quarter valued at about $732,000. Riverbridge Partners LLC increased its position in 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. JPMorgan Chase & Co. increased its position in Seven Hills Realty Trust by 30.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,607 shares of the company’s stock valued at $212,000 after buying an additional 4,778 shares in the last quarter. Bank of America Corp DE raised its position in shares of Seven Hills Realty Trust by 125.3% during the third quarter. Bank of America Corp DE now owns 12,851 shares of the company’s stock worth $132,000 after purchasing an additional 7,148 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Seven Hills Realty Trust by 72.2% during the third quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock worth $31,000 after purchasing an additional 1,255 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SEVN. JonesTrading lowered their target price on 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. Zacks Research lowered Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.50.

Seven Hills Realty Trust Trading Up 0.9%

SEVN stock opened at $8.30 on Thursday. Seven Hills Realty Trust has a 52-week low of $7.90 and a 52-week high of $12.86. The business has a 50-day simple moving average of $8.31 and a two-hundred day simple moving average of $8.72.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Tuesday, April 21st will be issued a dividend of $0.28 per share. The ex-dividend date is Tuesday, April 21st. This represents a $1.12 annualized dividend and a yield of 13.5%. Seven Hills Realty Trust’s dividend payout ratio is 76.78%.

Seven Hills Realty Trust 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.