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

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $10.3750.

SEVN has been the topic of several analyst reports. UBS Group assumed coverage on shares of Seven Hills Realty Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $10.00 price target on the stock. Zacks Research raised Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th.

Institutional Investors Weigh In On Seven Hills Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Seven Hills Realty Trust by 2.0% in the third quarter. Vanguard Group Inc. now owns 788,563 shares of the company’s stock worth $8,130,000 after purchasing an additional 15,373 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 199,318 shares in the last quarter. Independent Advisor Alliance lifted its stake in shares of Seven Hills Realty Trust by 29.0% during the 4th quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock valued at $3,474,000 after buying an additional 87,874 shares in the last quarter. State Street Corp boosted its holdings in Seven Hills Realty Trust by 75.2% in the 4th quarter. State Street Corp now owns 313,699 shares of the company’s stock worth $2,792,000 after buying an additional 134,649 shares during the period. Finally, Riverbridge Partners LLC boosted its holdings in Seven Hills Realty Trust by 7.7% in the 1st quarter. Riverbridge Partners LLC now owns 241,581 shares of the company’s stock worth $1,986,000 after buying an additional 17,170 shares during the period.

Seven Hills Realty Trust Stock Performance

SEVN opened at $8.16 on Wednesday. Seven Hills Realty Trust has a fifty-two week low of $7.90 and a fifty-two week high of $11.15. The company’s 50-day moving average is $8.41 and its 200 day moving average is $8.50.

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

Seven Hills Realty Trust Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.12 annualized dividend and a yield of 13.7%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 95.97%.

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.