Seven Hills Realty Trust (NASDAQ:SEVN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have earned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.1250.

A number of analysts have commented on the company. Zacks Research upgraded Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. Citizens Jmp reduced 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 research report on Tuesday, December 16th. Jones Trading reiterated a “buy” rating and set a $12.50 price target on shares of Seven Hills Realty Trust in a research note on Tuesday, October 28th. Citigroup reissued an “outperform” rating on shares of Seven Hills Realty Trust in a report on Tuesday, December 16th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Seven Hills Realty Trust in a report on Wednesday, January 7th. They set a “buy” rating and a $10.00 price objective for the company.

Insider Buying and Selling

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

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of hedge funds have recently made changes to their positions in SEVN. Strs Ohio acquired a new position in Seven Hills Realty Trust in the first quarter valued at about $30,000. BNP Paribas Financial Markets raised its stake in shares of 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 valued at $31,000 after acquiring an additional 1,255 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Seven Hills Realty Trust in the second quarter valued at approximately $35,000. Raymond James Financial Inc. acquired a new position in shares of Seven Hills Realty Trust in the 2nd quarter worth approximately $41,000. Finally, Bailard Inc. bought a new stake in Seven Hills Realty Trust during the 3rd quarter worth approximately $108,000.

Seven Hills Realty Trust Trading Up 0.2%

NASDAQ SEVN opened at $8.62 on Friday. Seven Hills Realty Trust has a twelve month low of $8.30 and a twelve month high of $13.44. The firm has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $9.82.

Seven Hills Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Monday, January 26th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend is Monday, January 26th. Seven Hills Realty Trust’s payout ratio is presently 81.58%.

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.