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

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $10.3750.

Several research firms recently issued reports on SEVN. Zacks Research downgraded shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. UBS Group began coverage on shares of Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $10.00 price target on the stock. Finally, JonesTrading dropped 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 note on Thursday, February 19th.

Seven Hills Realty Trust Price Performance

Shares of SEVN stock opened at $8.52 on Tuesday. The company’s fifty day simple moving average is $8.32 and its 200-day simple moving average is $8.62. 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 issued its earnings results on Tuesday, April 28th. The company reported $0.24 EPS 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 analysts’ expectations of $8.65 million.

Seven Hills Realty Trust Announces Dividend

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

Institutional Investors Weigh In On Seven Hills Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Seven Hills Realty Trust by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 788,563 shares of the company’s stock worth $8,130,000 after buying an additional 15,373 shares during the period. Geode Capital Management LLC increased its stake in Seven Hills Realty Trust by 55.6% during the 4th quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock worth $4,964,000 after buying an additional 199,318 shares during the period. Independent Advisor Alliance grew its holdings in Seven Hills Realty Trust by 29.0% during the 4th quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock worth $3,474,000 after acquiring an additional 87,874 shares in the last quarter. State Street Corp grew its holdings in Seven Hills Realty Trust by 75.2% during the 4th quarter. State Street Corp now owns 313,699 shares of the company’s stock worth $2,792,000 after acquiring an additional 134,649 shares in the last quarter. Finally, Riverbridge Partners LLC grew its holdings in Seven Hills Realty Trust by 7.7% during the 1st quarter. Riverbridge Partners LLC now owns 241,581 shares of the company’s stock worth $1,986,000 after acquiring an additional 17,170 shares in the last quarter.

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.