Seven Hills Realty Trust (NASDAQ:SEVN) Shares Down 0.7% – Time to Sell?

Seven Hills Realty Trust (NASDAQ:SEVN)’s share price fell 0.7% during trading on Thursday . The company traded as low as $8.35 and last traded at $8.38. 81,419 shares changed hands during trading, a decline of 23% from the average session volume of 105,473 shares. The stock had previously closed at $8.44.

Analysts Set New Price Targets

SEVN has been the topic of several analyst reports. UBS Group assumed coverage on shares of Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price on the stock. Zacks Research cut shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Seven Hills Realty Trust has an average rating of “Moderate Buy” and an average price target of $10.38.

Seven Hills Realty Trust Stock Down 0.7%

The stock has a 50 day simple moving average of $8.34 and a two-hundred day simple moving average of $8.58.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $8.34 million for the quarter, compared to analyst estimates of $8.65 million.

Seven Hills Realty Trust Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend was Tuesday, April 21st. Seven Hills Realty Trust’s dividend payout ratio is 76.78%.

Institutional Trading of Seven Hills Realty Trust

Several institutional investors have recently modified their holdings of SEVN. Royal Bank of Canada grew its position in shares of Seven Hills Realty Trust by 4.9% in the 1st quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock valued at $242,000 after buying an additional 900 shares during the last quarter. Jane Street Group LLC acquired a new position in Seven Hills Realty Trust in the first quarter valued at $608,000. Strs Ohio acquired a new position in Seven Hills Realty Trust in the first quarter valued at $30,000. Geode Capital Management LLC grew its holdings in shares of Seven Hills Realty Trust by 5.0% during the second quarter. Geode Capital Management LLC now owns 350,038 shares of the company’s stock worth $4,225,000 after purchasing an additional 16,514 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in shares of Seven Hills Realty Trust during the second quarter worth about $147,000.

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.