Seven Hills Realty Trust (NASDAQ:SEVN) Upgraded at Zacks Research

Seven Hills Realty Trust (NASDAQ:SEVN) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Several other research analysts have also recently weighed in on SEVN. Citizens Jmp restated a “market outperform” rating and set a $10.50 target price on shares of Seven Hills Realty Trust in a report on Tuesday, September 1st. UBS Group started coverage on Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $10.00 price objective on the stock. Finally, JonesTrading reaffirmed a “buy” rating and issued a $10.00 target price on shares of Seven Hills Realty Trust in a research note on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.12.

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ SEVN opened at $7.22 on Monday. The firm has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $8.07. Seven Hills Realty Trust has a 52 week low of $7.19 and a 52 week high of $10.91.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $8.13 million for the quarter, compared to analysts’ expectations of $8.76 million.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Seven Hills Realty Trust in the 2nd quarter valued at $17,284,000. Flat Footed LLC purchased a new position in Seven Hills Realty Trust in the second quarter valued at about $700,052. Bank of America Corp DE acquired a new stake in Seven Hills Realty Trust in the second quarter valued at $169,000. Odyssean LLC increased its holdings in Seven Hills Realty Trust by 289.2% during the 2nd quarter. Odyssean LLC now owns 41,973 shares of the company’s stock valued at $354,000 after acquiring an additional 31,189 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Seven Hills Realty Trust during the 2nd quarter worth approximately $469,000.

Seven Hills Realty Trust Company Profile

Seven Hills Realty Trust (NASDAQ: SEVN) is a real estate investment trust focused on originating and investing in senior secured, floating-rate commercial real estate loans. The company generally provides financing to owners and investors of middle-market and transitional properties, seeking loans secured by first-priority mortgages on commercial real estate.

Its investment portfolio may include loans backed by a range of property types, such as office, industrial, multifamily, hotel, self-storage and other commercial assets.