Seven Hills Realty Trust (NASDAQ:SEVN) Posts Earnings Results, Beats Estimates By $0.01 EPS

Seven Hills Realty Trust (NASDAQ:SEVN) released its quarterly earnings results on Wednesday. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01, FiscalAI reports. The company had revenue of $7.30 million during the quarter, compared to analysts’ expectations of $7.34 million.

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ:SEVN traded down $0.09 during trading on Wednesday, reaching $8.65. 129,345 shares of the company were exchanged, compared to its average volume of 107,067. The business’s fifty day simple moving average is $8.95 and its 200-day simple moving average is $9.64. Seven Hills Realty Trust has a 12-month low of $8.30 and a 12-month high of $13.44.

Seven Hills Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Monday, January 26th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Monday, January 26th. Seven Hills Realty Trust’s dividend payout ratio is currently 81.58%.

Analyst Ratings Changes

A number of equities analysts have recently commented on SEVN shares. JonesTrading reiterated a “buy” rating and issued a $12.50 target price on shares of Seven Hills Realty Trust in a report on Tuesday, October 28th. LADENBURG THALM/SH SH initiated coverage on Seven Hills Realty Trust in a research report on Wednesday, January 7th. They issued a “buy” rating and a $10.00 price target for the company. Zacks Research upgraded shares of Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. Citizens Jmp reduced their target price on shares of Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating on the stock in a research note on Tuesday, December 16th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $11.33.

Insiders Place Their Bets

In other Seven Hills Realty Trust news, Director Adam D. Portnoy bought 2,015,748 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were bought at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the acquisition, the director directly owned 4,577,835 shares in the company, valued at approximately $39,598,272.75. The trade was a 78.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were acquired at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the transaction, the insider directly owned 4,577,835 shares in the company, valued at approximately $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 hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in Seven Hills Realty Trust by 55.6% during the 4th quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock valued at $4,964,000 after acquiring an additional 199,318 shares in the last quarter. State Street Corp lifted its stake in shares of Seven Hills Realty Trust by 75.2% during the 4th quarter. State Street Corp now owns 313,699 shares of the company’s stock worth $2,792,000 after purchasing an additional 134,649 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Seven Hills Realty Trust by 162.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 112,802 shares of the company’s stock valued at $1,004,000 after purchasing an additional 69,861 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Seven Hills Realty Trust by 76.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 120,745 shares of the company’s stock valued at $1,075,000 after purchasing an additional 52,469 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Seven Hills Realty Trust in the first quarter worth about $608,000.

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.