Seven Hills Realty Trust (NASDAQ:SEVN) Given Average Rating of “Moderate Buy” by Analysts

Seven Hills Realty Trust (NASDAQ:SEVN) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat.com 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 12 month price target among brokerages that have issued a report on the stock in the last year is $12.1250.

Several research firms recently commented on SEVN. Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th. Zacks Research raised Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. Jones Trading reissued a “buy” rating and issued a $12.50 price objective on shares of Seven Hills Realty Trust in a report on Tuesday, October 28th. Citizens Jmp dropped their price objective on shares of Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating on the stock in a report on Tuesday, December 16th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Seven Hills Realty Trust in a research report on Wednesday, January 7th. They set a “buy” rating and a $10.00 target price for the company.

Insider Buying and Selling at Seven Hills Realty Trust

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

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of large investors have recently modified their holdings of the company. Riverbridge Partners LLC increased its holdings in Seven Hills Realty Trust by 162.0% during the 4th quarter. Riverbridge Partners LLC now owns 224,411 shares of the company’s stock worth $1,997,000 after acquiring an additional 138,756 shares during the period. Independent Advisor Alliance increased its holdings in shares of Seven Hills Realty Trust by 29.0% in the fourth quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock worth $3,474,000 after purchasing an additional 87,874 shares during the period. Adapt Wealth Advisors LLC bought a new position in shares of Seven Hills Realty Trust in the third quarter worth $732,000. Jane Street Group LLC purchased a new stake in shares of Seven Hills Realty Trust in the first quarter worth $608,000. Finally, Geode Capital Management LLC boosted its stake in Seven Hills Realty Trust by 5.0% during the second quarter. Geode Capital Management LLC now owns 350,038 shares of the company’s stock valued at $4,225,000 after buying an additional 16,514 shares during the period.

Seven Hills Realty Trust Stock Performance

NASDAQ SEVN opened at $8.82 on Friday. Seven Hills Realty Trust has a 52-week low of $8.30 and a 52-week high of $13.44. The company has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $9.76.

Seven Hills Realty Trust Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, January 26th. This represents a $1.12 dividend on an annualized basis and a yield of 12.7%. Seven Hills Realty Trust’s payout ratio is presently 81.58%.

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.