Flat Footed LLC Makes New Investment in Seven Hills Realty Trust $SEVN

Flat Footed LLC acquired a new position in Seven Hills Realty Trust (NASDAQ:SEVN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 83,043 shares of the company’s stock, valued at approximately $700,052,000. Seven Hills Realty Trust makes up approximately 0.1% of Flat Footed LLC’s investment portfolio, making the stock its 20th largest holding.

Other large investors also recently modified their holdings of the company. Independent Advisor Alliance increased its stake in Seven Hills Realty Trust by 29.0% in the 4th quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock worth $3,474,000 after buying an additional 87,874 shares in the last quarter. Invesco Ltd. lifted its position in shares of Seven Hills Realty Trust by 47.6% in the fourth quarter. Invesco Ltd. now owns 22,948 shares of the company’s stock valued at $204,000 after acquiring an additional 7,399 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Seven Hills Realty Trust by 30.2% in the third quarter. JPMorgan Chase & Co. now owns 20,607 shares of the company’s stock worth $212,000 after acquiring an additional 4,778 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Seven Hills Realty Trust by 121.7% in the fourth quarter. Wells Fargo & Company MN now owns 25,419 shares of the company’s stock worth $226,000 after acquiring an additional 13,951 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Seven Hills Realty Trust by 4.9% during the first quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock worth $242,000 after purchasing an additional 900 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SEVN. 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 initiated 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 price objective on the stock. Finally, JonesTrading reissued a “buy” rating and issued a $10.00 target price on shares of Seven Hills Realty Trust in a report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Seven Hills Realty Trust has a consensus rating of “Moderate Buy” and an average target price of $10.38.

Seven Hills Realty Trust Stock Down 0.4%

Shares of SEVN stock opened at $7.73 on Wednesday. Seven Hills Realty Trust has a 12-month low of $7.36 and a 12-month high of $11.15. The stock’s 50-day moving average price is $8.06 and its 200-day moving average price is $8.29.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $8.13 million during the quarter, compared to the consensus estimate of $8.76 million.

Seven Hills Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date was Monday, July 20th. Seven Hills Realty Trust’s dividend payout ratio is currently 76.78%.

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.