Seven Hills Realty Trust (NASDAQ:SEVN) Stock Price Down 0.7% – What’s Next?

Seven Hills Realty Trust (NASDAQ:SEVN) shares fell 0.7% on Thursday . The stock traded as low as $8.35 and last traded at $8.38. Approximately 81,419 shares were traded during mid-day trading, a decline of 23% from the average session volume of 105,473 shares. The stock had previously closed at $8.44.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Zacks Research cut Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. UBS Group began 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 equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Seven Hills Realty Trust presently has a consensus rating of “Moderate Buy” and an average target price of $10.38.

Seven Hills Realty Trust Trading Up 7.5%

The business has a fifty day moving average price of $8.35 and a 200 day moving average price of $8.59.

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

Seven Hills Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend was Tuesday, April 21st. Seven Hills Realty Trust’s payout ratio is currently 76.78%.

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors have recently modified their holdings of the company. Independent Advisor Alliance raised its holdings in Seven Hills Realty Trust by 29.0% in the fourth quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock valued at $3,474,000 after buying an additional 87,874 shares during the period. Riverbridge Partners LLC grew 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 buying an additional 138,756 shares during the period. JPMorgan Chase & Co. increased its position in shares of Seven Hills Realty Trust by 30.2% in the third quarter. JPMorgan Chase & Co. now owns 20,607 shares of the company’s stock worth $212,000 after acquiring an additional 4,778 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Seven Hills Realty Trust by 121.7% in the fourth quarter. Wells Fargo & Company MN now owns 25,419 shares of the company’s stock worth $226,000 after acquiring an additional 13,951 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Seven Hills Realty Trust by 84.2% in the 4th quarter. Barclays PLC now owns 49,399 shares of the company’s stock valued at $440,000 after acquiring an additional 22,587 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.