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

Seven Hills Realty Trust (NASDAQ:SEVNGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.3750.

A number of research analysts have weighed in on the stock. JonesTrading dropped their price objective on shares of Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. UBS Group initiated coverage on shares of Seven Hills Realty Trust in a research note on Tuesday. They issued a “buy” rating and a $10.00 target price for the company. Finally, Zacks Research cut shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th.

View Our Latest Stock Analysis on SEVN

Institutional Trading of Seven Hills Realty Trust

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew 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 last quarter. BNP Paribas Financial Markets grew 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 worth $31,000 after acquiring an additional 1,255 shares during the period. Strs Ohio grew its stake in shares of Seven Hills Realty Trust by 62.5% in the fourth quarter. Strs Ohio now owns 3,900 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares during the period. Bank of America Corp DE grew its stake in shares of 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 worth $212,000 after acquiring an additional 1,667 shares during the period. Finally, Penserra Capital Management LLC grew its stake in shares of Seven Hills Realty Trust by 3.5% in the third quarter. Penserra Capital Management LLC now owns 91,756 shares of the company’s stock worth $946,000 after acquiring an additional 3,102 shares during the period.

Seven Hills Realty Trust Price Performance

SEVN opened at $8.41 on Tuesday. Seven Hills Realty Trust has a fifty-two week low of $7.90 and a fifty-two week high of $12.86. The company’s 50 day moving average price is $8.29 and its two-hundred day moving average price is $8.63.

Seven Hills Realty Trust (NASDAQ:SEVNGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $8.34 million during the quarter, compared to the consensus estimate of $8.65 million.

Seven Hills Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Tuesday, April 21st were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 13.3%. The ex-dividend date was Tuesday, April 21st. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 76.78%.

Seven Hills Realty Trust Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Seven Hills Realty Trust (NASDAQ:SEVN)

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