Seven Hills Realty Trust (NASDAQ:SEVN) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of Seven Hills Realty Trust (NASDAQ:SEVN) from a hold rating to a strong sell rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on SEVN. JonesTrading reiterated a “buy” rating and issued a $10.00 target price on shares of Seven Hills Realty Trust in a research note on Wednesday. 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 price target for the company. Five 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.38.

Seven Hills Realty Trust Trading Up 0.1%

Shares of NASDAQ SEVN opened at $7.54 on Thursday. Seven Hills Realty Trust has a 12-month low of $7.36 and a 12-month high of $11.15. The stock has a fifty day moving average price of $8.33 and a 200 day moving average price of $8.44.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $8.13 million during the quarter, compared to the consensus estimate of $8.76 million.

Seven Hills Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be paid a $0.28 dividend. The ex-dividend date is Monday, July 20th. This represents a $1.12 annualized dividend and a dividend yield of 14.9%. Seven Hills Realty Trust’s payout ratio is 76.78%.

Institutional Investors Weigh In On Seven Hills Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 valued at $8,130,000 after acquiring an additional 15,373 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Seven Hills Realty Trust by 55.6% in the 4th quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock worth $4,964,000 after acquiring an additional 199,318 shares in the last quarter. Independent Advisor Alliance grew its position in shares of Seven Hills Realty Trust by 29.0% in 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 increased its holdings in shares of Seven Hills Realty Trust by 75.2% in the 4th quarter. State Street Corp now owns 313,699 shares of the company’s stock valued at $2,792,000 after acquiring 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 valued at $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.