Seven Hills Realty Trust (NASDAQ:SEVN) Receives $10.38 Consensus Price Target from Analysts

Seven Hills Realty Trust (NASDAQ:SEVN) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.3750.

SEVN has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group assumed coverage on shares of Seven Hills Realty Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $10.00 price objective for the company.

Institutional Trading of Seven Hills Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in Seven Hills Realty Trust by 6.9% in the first quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock valued at $212,000 after acquiring an additional 1,667 shares during the last quarter. Sei Investments Co. raised its holdings in Seven Hills Realty Trust by 100.5% during the 1st quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock worth $187,000 after purchasing an additional 11,400 shares during the last quarter. Riverbridge Partners LLC lifted its position in Seven Hills Realty Trust by 7.7% during the 1st quarter. Riverbridge Partners LLC now owns 241,581 shares of the company’s stock valued at $1,986,000 after purchasing an additional 17,170 shares during the period. Hsbc Holdings PLC acquired a new position in Seven Hills Realty Trust during the 4th quarter valued at about $294,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Seven Hills Realty Trust in the 4th quarter valued at about $37,000.

Seven Hills Realty Trust Price Performance

Seven Hills Realty Trust stock opened at $7.90 on Wednesday. The firm has a fifty day moving average price of $8.39 and a two-hundred day moving average price of $8.48. Seven Hills Realty Trust has a fifty-two week low of $7.78 and a fifty-two week high of $11.15.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $8.34 million during the quarter, compared to the consensus estimate of $8.65 million.

Seven Hills Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 14.2%. The ex-dividend date of this dividend is Monday, July 20th. Seven Hills Realty Trust’s payout ratio is currently 76.78%.

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.