Seven Hills Realty Trust (NASDAQ:SEVN) Now Covered by LADENBURG THALM/SH SH

LADENBURG THALM/SH SH assumed coverage on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $10.00 target price on the stock.

A number of other equities research analysts have also recently commented on the stock. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Citigroup reaffirmed an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Tuesday, December 16th. Jones Trading reissued a “buy” rating and issued a $12.50 target price on shares of Seven Hills Realty Trust in a report on Tuesday, October 28th. Finally, Citizens Jmp lowered their price target on Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating on the stock in a report on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Seven Hills Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.13.

Seven Hills Realty Trust Stock Down 4.0%

SEVN opened at $8.60 on Wednesday. The stock has a 50-day moving average price of $8.96 and a 200-day moving average price of $10.19. Seven Hills Realty Trust has a 1 year low of $8.30 and a 1 year high of $13.97.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.03 EPS for the quarter. The firm had revenue of $2.00 million for the quarter.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Adapt Wealth Advisors LLC purchased a new position in Seven Hills Realty Trust in the third quarter worth about $732,000. Jane Street Group LLC bought a new position in shares of Seven Hills Realty Trust in the 1st quarter worth approximately $608,000. Independent Advisor Alliance boosted its holdings in shares of Seven Hills Realty Trust by 11.5% in the third quarter. Independent Advisor Alliance now owns 302,517 shares of the company’s stock worth $3,119,000 after buying an additional 31,096 shares during the last quarter. Riverbridge Partners LLC grew its position in Seven Hills Realty Trust by 41.8% during the third quarter. Riverbridge Partners LLC now owns 85,655 shares of the company’s stock valued at $883,000 after buying an additional 25,257 shares during the period. Finally, Geode Capital Management LLC grew its position in 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 valued at $4,225,000 after buying an additional 16,514 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.