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

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.3750.

Several analysts have commented on SEVN shares. UBS Group began coverage on Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price objective on the stock. Zacks Research raised Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th.

Seven Hills Realty Trust Price Performance

SEVN stock opened at $8.57 on Friday. The company’s 50-day simple moving average is $8.38 and its 200-day simple moving average is $8.57. 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 announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate 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 business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Tuesday, April 21st were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend was Tuesday, April 21st. Seven Hills Realty Trust’s payout ratio is presently 76.78%.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Seven Hills Realty Trust by 2.0% during the third quarter. Vanguard Group Inc. now owns 788,563 shares of the company’s stock valued at $8,130,000 after purchasing an additional 15,373 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Seven Hills Realty Trust by 55.6% during the fourth quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock worth $4,964,000 after purchasing an additional 199,318 shares in the last quarter. Independent Advisor Alliance increased its stake 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. State Street Corp raised its position in shares of 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 purchasing an additional 134,649 shares during the last quarter. Finally, Riverbridge Partners LLC raised its position in shares of 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 purchasing an additional 17,170 shares during the last quarter.

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.