Brokerages Set Seven Hills Realty Trust (NASDAQ:SEVN) Price Target at $10.38

Seven Hills Realty Trust (NASDAQ:SEVN) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $10.3750.

SEVN has been the topic of several recent analyst reports. UBS Group assumed coverage on shares of Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $10.00 target price on the stock. Zacks Research upgraded Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th.

Seven Hills Realty Trust Price Performance

Shares of NASDAQ SEVN opened at $8.04 on Wednesday. The company’s fifty day moving average price is $8.38 and its 200 day moving average price is $8.47. Seven Hills Realty Trust has a 1 year low of $7.78 and a 1 year high of $11.15.

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

Seven Hills Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend is Monday, July 20th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 76.78%.

Institutional Trading of Seven Hills Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Independent Advisor Alliance lifted its position in shares of Seven Hills Realty Trust by 29.0% during the 4th 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 in the last quarter. Riverbridge Partners LLC increased its holdings in Seven Hills Realty Trust by 162.0% in the 4th 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. Strs Ohio increased its holdings in Seven Hills Realty Trust by 62.5% in the 4th quarter. Strs Ohio now owns 3,900 shares of the company’s stock worth $35,000 after acquiring an additional 1,500 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in Seven Hills Realty Trust during the fourth quarter worth $123,000. Finally, MetLife Investment Management LLC raised its position in Seven Hills Realty Trust by 64.9% during the fourth quarter. MetLife Investment Management LLC now owns 13,190 shares of the company’s stock worth $117,000 after acquiring an additional 5,190 shares during the period.

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.