Adapt Wealth Advisors LLC Makes New $732,000 Investment in Seven Hills Realty Trust $SEVN

Adapt Wealth Advisors LLC acquired a new stake in Seven Hills Realty Trust (NASDAQ:SEVN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 70,985 shares of the company’s stock, valued at approximately $732,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SEVN. Strs Ohio purchased a new position in Seven Hills Realty Trust in the first quarter worth approximately $30,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Seven Hills Realty Trust during the second quarter worth about $35,000. Raymond James Financial Inc. acquired a new stake in shares of Seven Hills Realty Trust during the second quarter valued at about $41,000. Bailard Inc. purchased a new stake in shares of Seven Hills Realty Trust in the 3rd quarter valued at approximately $108,000. Finally, Running Point Capital Advisors LLC acquired a new position in shares of Seven Hills Realty Trust in the 3rd quarter worth approximately $121,000.

Insiders Place Their Bets

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

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ SEVN opened at $8.59 on Friday. The firm’s 50-day simple moving average is $8.91 and its 200 day simple moving average is $9.61. Seven Hills Realty Trust has a fifty-two week low of $8.30 and a fifty-two week high of $13.34.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $7.30 million for the quarter, compared to the consensus estimate of $7.34 million.

Seven Hills Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, January 26th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date was Monday, January 26th. Seven Hills Realty Trust’s dividend payout ratio is 81.58%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SEVN shares. LADENBURG THALM/SH SH started coverage on Seven Hills Realty Trust in a research report on Wednesday, January 7th. They issued a “buy” rating and a $10.00 target price on the stock. JonesTrading decreased their target price on Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Thursday. Citizens Jmp lowered their target price on Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating for the company in a report on Tuesday, December 16th. Zacks Research upgraded shares of Seven Hills Realty Trust to a “hold” rating in a research note on Friday, January 9th. Finally, Citigroup reissued an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Tuesday, December 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.50.

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.