Seven Hills Realty Trust (NASDAQ:SEVN) Receives $10.38 Average Price Target from Brokerages

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.3750.

A number of research analysts have commented on the company. JonesTrading reaffirmed a “buy” rating and set a $10.00 price target on shares of Seven Hills Realty Trust in a research report on Wednesday, July 29th. Zacks Research downgraded Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Finally, UBS Group started coverage on shares of Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price target on the stock.

Seven Hills Realty Trust Trading Up 0.1%

NASDAQ:SEVN opened at $7.69 on Friday. The company has a fifty day moving average of $8.10 and a 200 day moving average of $8.32. Seven Hills Realty Trust has a 52 week low of $7.36 and a 52 week high of $11.15.

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

Seven Hills Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 14.6%. The ex-dividend date of this dividend was Monday, July 20th. Seven Hills Realty Trust’s dividend payout ratio is presently 76.78%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Seven Hills Realty Trust by 4.9% in the first quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock valued at $242,000 after purchasing an additional 900 shares in the last quarter. BNP Paribas Financial Markets increased its position in Seven Hills Realty Trust by 72.2% in 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 last quarter. Strs Ohio raised its stake in Seven Hills Realty Trust by 62.5% during the fourth quarter. Strs Ohio now owns 3,900 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares in the last quarter. Bank of America Corp DE raised its stake in Seven Hills Realty Trust by 6.9% during the first quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock valued at $212,000 after purchasing an additional 1,667 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Seven Hills Realty Trust during the second quarter valued at $41,000.

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.