Seven Hills Realty Trust (NASDAQ:SEVN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Seven Hills Realty Trust (NASDAQ:SEVN) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $10.3750.

A number of equities analysts have recently commented on SEVN shares. Zacks Research downgraded shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. JonesTrading reaffirmed a “buy” rating and set a $10.00 price target on shares of Seven Hills Realty Trust in a research report on Wednesday, July 29th. Finally, UBS Group started coverage on Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price target for the company.

Seven Hills Realty Trust Stock Performance

NASDAQ SEVN opened at $7.70 on Friday. Seven Hills Realty Trust has a one year low of $7.36 and a one year high of $11.15. The company’s 50 day moving average price is $8.08 and its 200 day moving average price is $8.31.

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

Seven Hills Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, July 20th were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $1.12 annualized dividend and a dividend yield of 14.5%. Seven Hills Realty Trust’s dividend payout ratio is presently 76.78%.

Institutional Investors Weigh In On Seven Hills Realty Trust

Several hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new position in Seven Hills Realty Trust during the 1st quarter worth approximately $30,000. BNP Paribas Financial Markets grew its position in Seven Hills Realty Trust by 72.2% in the third quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock valued at $31,000 after acquiring an additional 1,255 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Seven Hills Realty Trust in the fourth quarter valued at approximately $37,000. Raymond James Financial Inc. purchased a new stake in shares of Seven Hills Realty Trust during the second quarter valued at approximately $41,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of Seven Hills Realty Trust by 141.5% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock worth $62,000 after purchasing an additional 4,084 shares in the last quarter.

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.