Seven Hills Realty Trust (NASDAQ:SEVN) Lowered to Strong Sell Rating by Zacks Research

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

A number of other research firms also recently weighed in on SEVN. JonesTrading reduced 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 research report on Thursday, February 19th. LADENBURG THALM/SH SH began 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 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.50.

Seven Hills Realty Trust Stock Up 2.0%

Shares of SEVN stock opened at $8.33 on Thursday. Seven Hills Realty Trust has a 52-week low of $7.90 and a 52-week high of $12.86. The company has a 50-day simple moving average of $8.36 and a two-hundred day simple moving average of $8.85.

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

Institutional Investors Weigh In On Seven Hills Realty Trust

A number of large investors have recently added to or reduced their stakes in SEVN. Geode Capital Management LLC boosted its stake in Seven Hills Realty Trust by 55.6% during the fourth quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock worth $4,964,000 after acquiring an additional 199,318 shares in the last quarter. Riverbridge Partners LLC boosted its stake in Seven Hills Realty Trust by 162.0% during the fourth quarter. Riverbridge Partners LLC now owns 224,411 shares of the company’s stock worth $1,997,000 after acquiring an additional 138,756 shares in the last quarter. State Street Corp boosted its stake in Seven Hills Realty Trust by 75.2% during the fourth quarter. State Street Corp now owns 313,699 shares of the company’s stock worth $2,792,000 after acquiring an additional 134,649 shares in the last quarter. Independent Advisor Alliance boosted its stake in Seven Hills Realty Trust by 29.0% during the fourth quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock worth $3,474,000 after acquiring an additional 87,874 shares in the last quarter. Finally, Adapt Wealth Advisors LLC bought a new stake in Seven Hills Realty Trust during the third quarter worth about $732,000.

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.