Seven Hills Realty Trust (NASDAQ:SEVN) Receives $12.13 Consensus PT from Brokerages

Seven Hills Realty Trust (NASDAQ:SEVN) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $12.1250.

A number of equities research analysts have recently commented on the stock. Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a report on Tuesday, December 16th. Zacks Research upgraded Seven Hills Realty Trust to a “hold” rating in a research note on Friday, January 9th. LADENBURG THALM/SH SH started coverage on Seven Hills Realty Trust in a report on Wednesday, January 7th. They issued a “buy” rating and a $10.00 target price for the company. Citizens Jmp lowered their price target on Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating on the stock in a report on Tuesday, December 16th. Finally, Jones Trading reiterated a “buy” rating and issued a $12.50 price objective on shares of Seven Hills Realty Trust in a report on Tuesday, October 28th.

Insider Activity at Seven Hills Realty Trust

In related news, major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average price of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam D. Portnoy bought 2,015,748 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was bought at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the transaction, the director owned 4,577,835 shares in the company, valued at $39,598,272.75. This trade represents a 78.68% increase in their position. The disclosure for this purchase is available in the SEC filing.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in Seven Hills Realty Trust during the 1st quarter worth approximately $30,000. BNP Paribas Financial Markets increased its stake in shares of Seven Hills Realty Trust by 72.2% in the third 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. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Seven Hills Realty Trust in the second quarter worth $35,000. Raymond James Financial Inc. bought a new stake in shares of Seven Hills Realty Trust during the 2nd quarter valued at $41,000. Finally, Bailard Inc. purchased a new position in shares of Seven Hills Realty Trust during the 3rd quarter valued at $108,000.

Seven Hills Realty Trust Trading Down 0.1%

Shares of Seven Hills Realty Trust stock opened at $8.78 on Friday. Seven Hills Realty Trust has a 1 year low of $8.30 and a 1 year high of $13.44. The firm’s 50-day moving average is $8.94 and its 200 day moving average is $9.77.

Seven Hills Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Monday, January 26th will be paid a $0.28 dividend. The ex-dividend date is Monday, January 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 12.8%. Seven Hills Realty Trust’s payout ratio is currently 81.58%.

Seven Hills Realty Trust Company Profile

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.