Seven Hills Realty Trust (NASDAQ:SEVN) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Seven Hills Realty Trust (NASDAQ:SEVN) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Separately, UBS Group assumed coverage on Seven Hills Realty Trust in a research note 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 given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.38.

Seven Hills Realty Trust Stock Down 1.1%

Shares of Seven Hills Realty Trust stock opened at $8.43 on Monday. The company has a fifty day moving average price of $8.35 and a 200 day moving average price of $8.58. Seven Hills Realty Trust has a twelve month low of $7.90 and a twelve month high of $12.86.

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

Seven Hills Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Tuesday, April 21st were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend was Tuesday, April 21st. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 76.78%.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of Seven Hills Realty Trust during the first quarter valued at about $30,000. BNP Paribas Financial Markets increased its position in shares of Seven Hills Realty Trust by 72.2% during the third quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock worth $31,000 after acquiring an additional 1,255 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Seven Hills Realty Trust in the fourth quarter worth about $37,000. Raymond James Financial Inc. acquired a new position in shares of Seven Hills Realty Trust in the second quarter worth about $41,000. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in Seven Hills Realty Trust by 141.5% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock valued at $62,000 after purchasing an additional 4,084 shares during the period.

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.