Seven Hills Realty Trust (NASDAQ:SEVN) Releases Earnings Results

Seven Hills Realty Trust (NASDAQ:SEVN) issued its quarterly earnings results on Wednesday. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01, FiscalAI reports. The business had revenue of $7.30 million during the quarter, compared to the consensus estimate of $7.34 million.

Seven Hills Realty Trust Stock Performance

NASDAQ SEVN traded down $0.15 during mid-day trading on Friday, hitting $8.58. The company’s stock had a trading volume of 21,728 shares, compared to its average volume of 106,790. The company’s 50 day simple moving average is $8.93 and its 200 day simple moving average is $9.63. Seven Hills Realty Trust has a twelve month low of $8.30 and a twelve month high of $13.34.

Seven Hills Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, January 26th. This represents a $1.12 annualized dividend and a yield of 13.1%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 81.58%.

Insider Buying and Selling at Seven Hills Realty Trust

In other Seven Hills Realty Trust news, major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were purchased at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the completion of the purchase, the insider owned 4,577,835 shares of the company’s stock, valued at approximately $39,598,272.75. This represents a 78.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Adam D. Portnoy acquired 2,015,748 shares of Seven Hills Realty Trust stock in a transaction dated Thursday, December 11th. The shares were acquired at an average price of $8.65 per share, with a total value of $17,436,220.20. Following the completion of the acquisition, the director directly owned 4,577,835 shares of the company’s stock, valued at approximately $39,598,272.75. The trade was a 78.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in shares of Seven Hills Realty Trust in the first quarter worth approximately $30,000. BNP Paribas Financial Markets boosted its position in shares of Seven Hills Realty Trust by 72.2% during the third quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock valued at $31,000 after buying an additional 1,255 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Seven Hills Realty Trust during the second quarter worth $41,000. Police & Firemen s Retirement System of New Jersey grew its holdings in Seven Hills Realty Trust by 141.5% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock worth $62,000 after buying an additional 4,084 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in Seven Hills Realty Trust in the 4th quarter valued at $90,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Zacks Research upgraded Seven Hills Realty Trust to a “hold” rating in a report on Friday, January 9th. LADENBURG THALM/SH SH began coverage on shares of Seven Hills Realty Trust in a report on Wednesday, January 7th. They set a “buy” rating and a $10.00 target price on the stock. Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Tuesday, December 16th. Citizens Jmp dropped their price target on shares of Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating for the company in a research note on Tuesday, December 16th. Finally, JonesTrading reduced their price objective 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. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Seven Hills Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

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.