Seven Hills Realty Trust (NASDAQ:SEVN) Rating Increased to Strong-Buy at UBS Group

UBS Group upgraded shares of Seven Hills Realty Trust (NASDAQ:SEVN) to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

SEVN has been the topic of a number of other reports. Zacks Research downgraded shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. JonesTrading lowered their price target on shares of Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Seven Hills Realty Trust has a consensus rating of “Moderate Buy” and a consensus target price of $10.38.

Seven Hills Realty Trust Stock Performance

Shares of Seven Hills Realty Trust stock opened at $8.49 on Tuesday. Seven Hills Realty Trust has a 12-month low of $7.90 and a 12-month high of $12.86. The firm’s 50 day simple moving average is $8.30 and its two-hundred day simple moving average is $8.62.

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

Seven Hills Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.2%. Seven Hills Realty Trust’s payout ratio is currently 76.78%.

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of SEVN. Geode Capital Management LLC increased its stake in shares of Seven Hills Realty Trust by 55.6% during the fourth quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock worth $4,964,000 after purchasing an additional 199,318 shares in the last quarter. Riverbridge Partners LLC increased its stake in shares of Seven Hills Realty Trust by 162.0% during the fourth quarter. Riverbridge Partners LLC now owns 224,411 shares of the company’s stock worth $1,997,000 after purchasing an additional 138,756 shares in the last quarter. State Street Corp increased its stake in shares of Seven Hills Realty Trust by 75.2% during the fourth 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 in the last quarter. Independent Advisor Alliance increased its stake in shares of Seven Hills Realty Trust by 29.0% during 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 in the last quarter. Finally, Adapt Wealth Advisors LLC purchased a new stake in shares of Seven Hills Realty Trust during the third quarter worth about $732,000.

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.