Seven Hills Realty Trust (NASDAQ:SEVN) Shares Up 2.3% – Still a Buy?

Seven Hills Realty Trust (NASDAQ:SEVN)’s share price traded up 2.3% during mid-day trading on Monday . The stock traded as high as $8.47 and last traded at $8.46. 63,480 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 105,982 shares. The stock had previously closed at $8.27.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. LADENBURG THALM/SH SH assumed coverage on Seven Hills Realty Trust in a research note on Wednesday, January 7th. They set a “buy” rating and a $10.00 target price on the stock. Citizens Jmp reduced their price target on shares of Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating for the company in a research report on Tuesday, December 16th. Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a report on Tuesday, December 16th. JonesTrading lowered their price objective on shares of Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Finally, Zacks Research upgraded shares of Seven Hills Realty Trust to a “hold” rating in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.50.

Seven Hills Realty Trust Price Performance

The business has a 50 day simple moving average of $8.75 and a 200 day simple moving average of $9.38.

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

Seven Hills Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were issued a $0.28 dividend. The ex-dividend date was Monday, January 26th. This represents a $1.12 dividend on an annualized basis and a yield of 13.2%. Seven Hills Realty Trust’s dividend payout ratio is currently 81.58%.

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors have recently added to or reduced their stakes in SEVN. Vanguard Group Inc. grew its position in Seven Hills Realty Trust by 2.0% in the third quarter. Vanguard Group Inc. now owns 788,563 shares of the company’s stock worth $8,130,000 after acquiring an additional 15,373 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Seven Hills Realty Trust by 55.6% during the 4th quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock valued at $4,964,000 after purchasing an additional 199,318 shares in the last quarter. Independent Advisor Alliance lifted its stake in shares of Seven Hills Realty Trust by 29.0% in the 4th quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock valued at $3,474,000 after purchasing an additional 87,874 shares during the last quarter. State Street Corp lifted its stake in shares of Seven Hills Realty Trust by 75.2% in the 4th quarter. State Street Corp now owns 313,699 shares of the company’s stock valued at $2,792,000 after purchasing an additional 134,649 shares during the last quarter. Finally, Riverbridge Partners LLC boosted its holdings in Seven Hills Realty Trust by 162.0% in the fourth quarter. Riverbridge Partners LLC now owns 224,411 shares of the company’s stock worth $1,997,000 after purchasing an additional 138,756 shares in the last quarter.

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.