Seven Hills Realty Trust (NASDAQ:SEVN) Receives $12.13 Consensus Price Target from Brokerages

Seven Hills Realty Trust (NASDAQ:SEVN) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.1250.

A number of analysts have weighed in on the company. Zacks Research upgraded Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. LADENBURG THALM/SH SH initiated coverage on Seven Hills Realty Trust in a research report on Wednesday. They issued a “buy” rating and a $10.00 price target for the company. Citizens Jmp decreased their price objective on Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating for the company in a research note on Tuesday, December 16th. Jones Trading reaffirmed a “buy” rating and set a $12.50 price objective on shares of Seven Hills Realty Trust in a research report on Tuesday, October 28th. Finally, Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a report on Tuesday, December 16th.

Seven Hills Realty Trust Trading Up 1.6%

Shares of Seven Hills Realty Trust stock opened at $8.94 on Wednesday. The firm’s 50-day moving average is $8.94 and its two-hundred day moving average is $10.16. 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 results on Wednesday, April 27th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $2.00 million during the quarter.

Insider Buying and Selling

In other news, major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of Seven Hills Realty Trust stock in a transaction that occurred on Thursday, December 11th. The stock was purchased at an average price of $8.65 per share, for a total transaction of $17,436,220.20. Following the purchase, the insider directly owned 4,577,835 shares in the company, valued at $39,598,272.75. The trade was a 78.68% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Adam D. Portnoy bought 2,015,748 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were purchased at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the transaction, the director directly owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. The trade was a 78.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Institutional Trading of Seven Hills Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in SEVN. Strs Ohio purchased a new position in Seven Hills Realty Trust during the 1st quarter worth $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 worth $31,000 after acquiring an additional 1,255 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Seven Hills Realty Trust during the second quarter worth about $35,000. Raymond James Financial Inc. purchased a new stake in shares of Seven Hills Realty Trust during the second quarter worth about $41,000. Finally, Bailard Inc. acquired a new position in shares of Seven Hills Realty Trust during the third quarter valued at about $108,000.

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.