Seven Hills Realty Trust (NASDAQ:SEVN) Earns Buy Rating from JonesTrading

Seven Hills Realty Trust (NASDAQ:SEVN)‘s stock had its “buy” rating reaffirmed by equities research analysts at JonesTrading in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $10.00 target price on the stock. JonesTrading’s price target would indicate a potential upside of 29.37% from the company’s current price.

A number of other brokerages have also recently weighed in on SEVN. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group assumed coverage on shares of Seven Hills Realty Trust in a research report on Tuesday, June 2nd. They set a “buy” rating and a $10.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.38.

Seven Hills Realty Trust Price Performance

Shares of NASDAQ:SEVN traded down $0.31 on Wednesday, reaching $7.73. The company had a trading volume of 224,079 shares, compared to its average volume of 120,070. Seven Hills Realty Trust has a twelve month low of $7.66 and a twelve month high of $11.15. The stock has a 50-day moving average price of $8.38 and a 200 day moving average price of $8.47.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $8.12 million during the quarter, compared to analyst estimates of $8.76 million.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Seven Hills Realty Trust by 6.9% during the 1st quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock worth $212,000 after acquiring an additional 1,667 shares during the period. Sei Investments Co. increased its stake in Seven Hills Realty Trust by 100.5% in the first quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock valued at $187,000 after acquiring an additional 11,400 shares during the period. Riverbridge Partners LLC increased its stake in Seven Hills Realty Trust by 7.7% in the first 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 during the period. Hsbc Holdings PLC acquired a new position in Seven Hills Realty Trust in the fourth quarter worth about $294,000. Finally, Rockefeller Capital Management L.P. acquired a new position in Seven Hills Realty Trust in the fourth quarter worth about $37,000.

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.