Seven Hills Realty Trust (NASDAQ:SEVN) Announces Quarterly Earnings Results

Seven Hills Realty Trust (NASDAQ:SEVNGet Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02), FiscalAI reports. The firm had revenue of $8.12 million during the quarter, compared to analyst estimates of $8.76 million.

Seven Hills Realty Trust Stock Up 0.5%

Shares of SEVN stock opened at $8.04 on Wednesday. The business’s fifty day simple moving average is $8.38 and its 200-day simple moving average is $8.47. Seven Hills Realty Trust has a 12-month low of $7.78 and a 12-month high of $11.15.

Seven Hills Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.9%. Seven Hills Realty Trust’s dividend payout ratio is presently 76.78%.

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake 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 worth $242,000 after buying an additional 900 shares during the last quarter. Jane Street Group LLC acquired a new position in Seven Hills Realty Trust during the 1st quarter valued at about $608,000. Strs Ohio purchased a new stake in Seven Hills Realty Trust in the first quarter valued at about $30,000. Geode Capital Management LLC boosted its holdings in Seven Hills Realty Trust by 5.0% in the second quarter. Geode Capital Management LLC now owns 350,038 shares of the company’s stock worth $4,225,000 after acquiring an additional 16,514 shares in the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Seven Hills Realty Trust during the second quarter worth about $147,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SEVN. Zacks Research upgraded Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group began coverage on Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Seven Hills Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.38.

View Our Latest Stock Report on Seven Hills Realty Trust

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.

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Earnings History for Seven Hills Realty Trust (NASDAQ:SEVN)

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