Flat Footed LLC Invests $700,052 in Seven Hills Realty Trust $SEVN

Flat Footed LLC purchased a new stake in Seven Hills Realty Trust (NASDAQ:SEVN) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 83,043 shares of the company’s stock, valued at approximately $700,052. Seven Hills Realty Trust makes up approximately 0.0% of Flat Footed LLC’s investment portfolio, making the stock its 20th biggest holding.

Other large investors have also recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of Seven Hills Realty Trust in the 1st quarter valued at about $30,000. BNP Paribas Financial Markets boosted its holdings 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 valued at $31,000 after acquiring an additional 1,255 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Seven Hills Realty Trust in the 4th quarter valued at $37,000. Raymond James Financial Inc. acquired a new position in Seven Hills Realty Trust during the second quarter worth approximately $41,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position 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 purchasing an additional 4,084 shares during the period.

Seven Hills Realty Trust Price Performance

Seven Hills Realty Trust stock remained flat at $7.60 during mid-day trading on Friday. 91,525 shares of the company’s stock traded hands, compared to its average volume of 121,887. Seven Hills Realty Trust has a 52-week low of $7.36 and a 52-week high of $11.15. The business has a fifty day moving average price of $8.04 and a 200 day moving average price of $8.28.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its 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 during the quarter, compared to analysts’ expectations of $8.76 million.

Seven Hills Realty Trust Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 14.7%. The ex-dividend date was Monday, July 20th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 76.78%.

Analyst Ratings Changes

SEVN has been the subject of several analyst reports. JonesTrading restated a “buy” rating and issued a $10.00 target price on shares of Seven Hills Realty Trust in a research note on Wednesday, July 29th. Zacks Research cut Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, UBS Group assumed coverage on shares of Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $10.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.38.

Seven Hills Realty Trust 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.