Flat Footed LLC cut its holdings in shares of Seven Hills Realty Trust (NASDAQ:SEVN – Free Report) by 34.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 433,192 shares of the company’s stock after selling 231,240 shares during the period. Seven Hills Realty Trust makes up 0.4% of Flat Footed LLC’s holdings, making the stock its 13th biggest holding. Flat Footed LLC’s holdings in Seven Hills Realty Trust were worth $3,561,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in SEVN. Strs Ohio acquired a new position in Seven Hills Realty Trust during the 1st quarter valued at about $30,000. BNP Paribas Financial Markets increased its holdings in Seven Hills Realty Trust by 72.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock worth $31,000 after purchasing an additional 1,255 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Seven Hills Realty Trust in the fourth quarter worth approximately $37,000. Raymond James Financial Inc. purchased a new stake in shares of Seven Hills Realty Trust in the second quarter worth approximately $41,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Seven Hills Realty Trust by 141.5% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock valued at $62,000 after purchasing an additional 4,084 shares in the last quarter.
Seven Hills Realty Trust Price Performance
Shares of SEVN opened at $7.90 on Monday. The stock has a 50 day moving average of $8.39 and a 200 day moving average of $8.48. Seven Hills Realty Trust has a 12 month low of $7.78 and a 12 month high of $11.15.
Seven Hills Realty Trust Dividend Announcement
The business 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 76.78%.
Analysts Set New Price Targets
Several brokerages recently issued reports on SEVN. UBS Group began coverage on Seven Hills Realty Trust in a research report on Tuesday, June 2nd. They set a “buy” rating and a $10.00 target price on the stock. Zacks Research upgraded Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.38.
Read Our Latest Report on SEVN
About Seven Hills Realty Trust
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.
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