LADENBURG THALM/SH SH Begins Coverage on Seven Hills Realty Trust (NASDAQ:SEVN)

Analysts at LADENBURG THALM/SH SH initiated coverage on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research note issued on Wednesday. The firm set a “buy” rating and a $10.00 price target on the stock. LADENBURG THALM/SH SH’s target price suggests a potential upside of 12.55% from the company’s current price.

A number of other equities analysts also recently commented on SEVN. Citizens Jmp reduced their price objective on shares of Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating for the company in a report on Tuesday, December 16th. Citigroup reaffirmed an “outperform” rating on shares of Seven Hills Realty Trust in a report on Tuesday, December 16th. Zacks Research raised Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Jones Trading reaffirmed a “buy” rating and issued a $12.50 target price on shares of Seven Hills Realty Trust in a research note on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seven Hills Realty Trust currently has an average rating of “Moderate Buy” and a consensus target price of $12.13.

Seven Hills Realty Trust Price Performance

Shares of SEVN stock traded down $0.08 during mid-day trading on Wednesday, reaching $8.89. The stock had a trading volume of 5,983 shares, compared to its average volume of 76,044. Seven Hills Realty Trust has a one year low of $8.30 and a one year high of $13.97. The firm’s 50 day simple moving average is $8.98 and its 200 day simple moving average is $10.20.

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

Insider Buying and Selling at Seven Hills Realty Trust

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SEVN. Riverbridge Partners LLC increased its holdings in Seven Hills Realty Trust by 3.9% during the 2nd quarter. Riverbridge Partners LLC now owns 60,398 shares of the company’s stock worth $729,000 after purchasing an additional 2,253 shares in the last quarter. AE Wealth Management LLC acquired a new position in shares of Seven Hills Realty Trust during the 3rd quarter worth about $146,000. Adapt Wealth Advisors LLC bought a new position in shares of Seven Hills Realty Trust in the 3rd quarter valued at about $732,000. JPMorgan Chase & Co. grew its holdings in shares of Seven Hills Realty Trust by 30.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,607 shares of the company’s stock valued at $212,000 after acquiring an additional 4,778 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Seven Hills Realty Trust by 125.3% in the third quarter. Bank of America Corp DE now owns 12,851 shares of the company’s stock valued at $132,000 after acquiring an additional 7,148 shares during 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.