Seven Hills Realty Trust (NASDAQ:SEVN) Trading 2.3% Higher – What’s Next?

Seven Hills Realty Trust (NASDAQ:SEVN)’s share price traded up 2.3% during trading on Monday . The company traded as high as $8.47 and last traded at $8.46. 63,480 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 105,982 shares. The stock had previously closed at $8.27.

Wall Street Analysts Forecast Growth

SEVN has been the subject of several analyst reports. JonesTrading lowered their target price on shares of Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Citigroup reaffirmed an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Tuesday, December 16th. Zacks Research upgraded shares of Seven Hills Realty Trust to a “hold” rating in a research note on Friday, January 9th. LADENBURG THALM/SH SH initiated coverage on shares of Seven Hills Realty Trust in a research report on Wednesday, January 7th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Citizens Jmp cut their target price on 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Seven Hills Realty Trust Stock Down 1.7%

The stock’s fifty day moving average is $8.73 and its two-hundred day moving average is $9.35.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its earnings results on Wednesday, February 18th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $7.30 million for the quarter, compared to the consensus estimate of $7.34 million.

Seven Hills Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, January 26th were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, January 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 13.6%. Seven Hills Realty Trust’s dividend payout ratio is presently 81.58%.

Hedge Funds Weigh In On Seven Hills Realty Trust

Institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. purchased a new stake in Seven Hills Realty Trust in the fourth quarter worth approximately $37,000. Invesco Ltd. grew its stake in shares of Seven Hills Realty Trust by 47.6% during the fourth quarter. Invesco Ltd. now owns 22,948 shares of the company’s stock valued at $204,000 after buying an additional 7,399 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in shares of Seven Hills Realty Trust in the fourth quarter worth about $97,000. Jump Financial LLC purchased a new position in shares of Seven Hills Realty Trust in the fourth quarter worth about $341,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Seven Hills Realty Trust in the 4th quarter valued at about $123,000.

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.