JonesTrading Has Lowered Expectations for Seven Hills Realty Trust (NASDAQ:SEVN) Stock Price

Seven Hills Realty Trust (NASDAQ:SEVN) had its price target decreased by research analysts at JonesTrading from $12.50 to $10.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. JonesTrading’s price objective would indicate a potential upside of 16.41% from the stock’s current price.

Several other equities analysts have also commented on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Seven Hills Realty Trust in a report on Wednesday, January 7th. They issued 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 on the stock in a research report on Tuesday, December 16th. Citigroup reissued an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th. Finally, Zacks Research upgraded shares of Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Seven Hills Realty Trust Stock Down 1.5%

Shares of NASDAQ SEVN opened at $8.59 on Thursday. The business has a fifty day moving average price of $8.91 and a two-hundred day moving average price of $9.62. 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 earnings results on Wednesday, February 18th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $7.30 million for the quarter, compared to analyst estimates of $7.34 million.

Insider Buying and Selling

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

Hedge Funds Weigh In On Seven Hills Realty Trust

Several large investors have recently bought and sold shares of SEVN. Independent Advisor Alliance grew its holdings in Seven Hills Realty Trust by 29.0% during the 4th quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock worth $3,474,000 after acquiring an additional 87,874 shares during the last quarter. Strs Ohio lifted its holdings in shares of Seven Hills Realty Trust by 62.5% during the fourth quarter. Strs Ohio now owns 3,900 shares of the company’s stock worth $35,000 after purchasing an additional 1,500 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Seven Hills Realty Trust by 30.2% in the third quarter. JPMorgan Chase & Co. now owns 20,607 shares of the company’s stock worth $212,000 after purchasing an additional 4,778 shares during the last quarter. Riverbridge Partners LLC grew its stake in shares of 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 during the last quarter. Finally, Adapt Wealth Advisors LLC acquired a new stake in Seven Hills Realty Trust in the third quarter valued at $732,000.

Seven Hills Realty Trust Company Profile

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.