Seven Hills Realty Trust $SEVN Shares Purchased by Riverbridge Partners LLC

Riverbridge Partners LLC raised its position in Seven Hills Realty Trust (NASDAQ:SEVN) by 162.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 224,411 shares of the company’s stock after purchasing an additional 138,756 shares during the period. Riverbridge Partners LLC’s holdings in Seven Hills Realty Trust were worth $1,997,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Strs Ohio acquired a new position in shares of Seven Hills Realty Trust during the 1st quarter worth $30,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Seven Hills Realty Trust in the 2nd quarter valued at about $35,000. BNP Paribas Financial Markets grew its stake in Seven Hills Realty Trust by 72.2% in the 3rd 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 during the last quarter. Raymond James Financial Inc. purchased a new position in Seven Hills Realty Trust during the 2nd quarter valued at about $41,000. Finally, Bailard Inc. purchased a new position in Seven Hills Realty Trust during the 3rd quarter valued at about $108,000.

Seven Hills Realty Trust Price Performance

Shares of SEVN stock opened at $8.11 on Friday. The firm has a 50-day moving average price of $8.63 and a 200 day moving average price of $9.24. Seven Hills Realty Trust has a twelve month low of $8.06 and a twelve month high of $13.02.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $7.30 million for the quarter, compared to analyst estimates of $7.34 million.

Seven Hills Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Monday, January 26th were issued a $0.28 dividend. The ex-dividend date was Monday, January 26th. This represents a $1.12 annualized dividend and a yield of 13.8%. Seven Hills Realty Trust’s payout ratio is 81.58%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SEVN shares. LADENBURG THALM/SH SH began coverage on shares of Seven Hills Realty Trust in a report on Wednesday, January 7th. They issued a “buy” rating and a $10.00 price target on the stock. Citizens Jmp dropped 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 research note on Tuesday, December 16th. Zacks Research upgraded Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. Citigroup reaffirmed an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th. Finally, JonesTrading lowered their target price on Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

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.