Seven Hills Realty Trust (NASDAQ:SEVN) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Seven Hills Realty Trust (NASDAQ:SEVN) released its quarterly earnings results on Tuesday. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02), FiscalAI reports. The firm had revenue of $8.13 million during the quarter, compared to analyst estimates of $8.76 million.

Seven Hills Realty Trust Stock Up 0.5%

Shares of Seven Hills Realty Trust stock traded up $0.04 during trading hours on Tuesday, reaching $8.04. 183,105 shares of the company were exchanged, compared to its average volume of 119,473. Seven Hills Realty Trust has a 1 year low of $7.78 and a 1 year high of $11.15. The stock’s fifty day moving average is $8.38 and its 200 day moving average is $8.47.

Seven Hills Realty Trust Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently issued reports on SEVN shares. Zacks Research raised 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 report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings 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 purchasing an additional 900 shares during the period. Jane Street Group LLC purchased a new position in shares of Seven Hills Realty Trust in the 1st quarter valued at about $608,000. Strs Ohio acquired a new position in shares of Seven Hills Realty Trust during the first quarter worth about $30,000. Geode Capital Management LLC grew its position in shares of Seven Hills Realty Trust by 5.0% during the second quarter. Geode Capital Management LLC now owns 350,038 shares of the company’s stock worth $4,225,000 after buying 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 approximately $147,000.

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.