Seven Hills Realty Trust (NASDAQ:SEVN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.1250.

SEVN has been the subject of several recent analyst reports. JonesTrading reaffirmed a “buy” rating and set 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 report on Thursday, July 30th. UBS Group began coverage on shares of Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price objective for the company. Finally, Citizens Jmp reissued a “market outperform” rating and set a $10.50 target price on shares of Seven Hills Realty Trust in a research note on Tuesday, September 1st.

Seven Hills Realty Trust Stock Down 0.9%

Shares of SEVN opened at $7.37 on Thursday. The firm’s fifty day simple moving average is $7.87 and its two-hundred day simple moving average is $8.20. Seven Hills Realty Trust has a 12 month low of $7.36 and a 12 month high of $11.15.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its quarterly earnings results 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 business had revenue of $8.13 million during the quarter, compared to analysts’ expectations of $8.76 million.

Seven Hills Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 15.2%. The ex-dividend date of this dividend was Monday, July 20th. Seven Hills Realty Trust’s payout ratio is presently 76.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in Seven Hills Realty Trust in the first quarter worth approximately $30,000. BNP Paribas Financial Markets raised 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 worth $31,000 after purchasing an additional 1,255 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Seven Hills Realty Trust during the second quarter worth approximately $41,000. Rockefeller Capital Management L.P. bought a new position in shares of Seven Hills Realty Trust in the 4th quarter worth $37,000. Finally, Police & Firemen s Retirement System of New Jersey grew its position in Seven Hills Realty Trust by 141.5% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock valued at $62,000 after purchasing an additional 4,084 shares during the period.

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.