Seven Hills Realty Trust (NASDAQ:SEVN) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH started coverage on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research report sent to investors on Wednesday, MarketBeat reports. The firm issued a buy rating and a $10.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. Citigroup reaffirmed an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th. Citizens Jmp decreased their target price on shares of 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. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Jones Trading reissued a “buy” rating and issued a $12.50 price target on shares of Seven Hills Realty Trust in a report on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.13.

Seven Hills Realty Trust Stock Performance

NASDAQ SEVN opened at $8.94 on Wednesday. The company has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $10.16. Seven Hills Realty Trust has a 12-month low of $8.30 and a 12-month high of $13.97.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.03 EPS for the quarter. The company had revenue of $2.00 million during the quarter.

Insiders Place Their Bets

In other Seven Hills Realty Trust news, Director Adam D. Portnoy purchased 2,015,748 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was bought at an average price of $8.65 per share, with a total value of $17,436,220.20. Following the completion of the purchase, the director directly owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. The trade was a 78.68% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of Seven Hills Realty Trust stock in a transaction on Thursday, December 11th. The shares were bought at an average cost of $8.65 per share, for a total transaction of $17,436,220.20. Following the completion of the transaction, the insider owned 4,577,835 shares in the company, valued at approximately $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.

Hedge Funds Weigh In On Seven Hills Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new position in Seven Hills Realty Trust in the first quarter worth about $30,000. BNP Paribas Financial Markets raised its position in shares of Seven Hills Realty Trust by 72.2% in the 3rd 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 in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Seven Hills Realty Trust in the 2nd quarter valued at approximately $35,000. Raymond James Financial Inc. bought a new stake in shares of Seven Hills Realty Trust during the second quarter valued at approximately $41,000. Finally, Bailard Inc. purchased a new stake in Seven Hills Realty Trust in the third quarter worth $108,000.

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.