Seven Hills Realty Trust (NASDAQ:SEVN) Receives $12.13 Average Target Price from Analysts

Seven Hills Realty Trust (NASDAQ:SEVN) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.1250.

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

Insider Transactions at Seven Hills Realty Trust

In other Seven Hills Realty Trust news, Director Adam D. Portnoy bought 2,015,748 shares of the business’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 acquisition, the director directly owned 4,577,835 shares of the company’s stock, valued at approximately $39,598,272.75. The trade was a 78.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was bought 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 insider owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. This trade represents a 78.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Trading of Seven Hills Realty Trust

Several hedge funds have recently made changes to their positions in SEVN. Royal Bank of Canada boosted its position in Seven Hills Realty Trust by 4.9% during the 1st quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock valued at $242,000 after purchasing an additional 900 shares during the period. Jane Street Group LLC bought a new stake in Seven Hills Realty Trust in the first quarter valued at $608,000. Strs Ohio acquired a new position in shares of Seven Hills Realty Trust during the first quarter valued at $30,000. Riverbridge Partners LLC boosted its holdings in shares of Seven Hills Realty Trust by 3.9% during the second quarter. Riverbridge Partners LLC now owns 60,398 shares of the company’s stock valued at $729,000 after acquiring an additional 2,253 shares during the period. Finally, Penserra Capital Management LLC grew its position in shares of Seven Hills Realty Trust by 3.0% during the second quarter. Penserra Capital Management LLC now owns 88,654 shares of the company’s stock worth $1,070,000 after acquiring an additional 2,590 shares during the last quarter.

Seven Hills Realty Trust Trading Up 0.6%

NASDAQ:SEVN opened at $8.93 on Wednesday. Seven Hills Realty Trust has a one year low of $8.30 and a one year high of $13.97. The stock has a 50-day simple moving average of $8.92 and a 200 day simple moving average of $10.09.

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.