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

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

Analyst Upgrades and Downgrades

Several research analysts have commented on SEVN shares. Zacks Research lowered Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. 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 objective for the company. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Seven Hills Realty Trust currently has an average rating of “Moderate Buy” and an average target price of $10.38.

Seven Hills Realty Trust Stock Down 0.7%

The business’s fifty day moving average price is $8.34 and its 200 day moving average price is $8.58.

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

Seven Hills Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 13.4%. The ex-dividend date of this dividend was Tuesday, April 21st. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 76.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Seven Hills Realty Trust by 55.6% during the fourth quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock worth $4,964,000 after purchasing an additional 199,318 shares during the last quarter. Riverbridge Partners LLC increased its stake 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 valued at $1,997,000 after buying an additional 138,756 shares during the period. State Street Corp increased its stake in Seven Hills Realty Trust by 75.2% in the 4th quarter. State Street Corp now owns 313,699 shares of the company’s stock valued at $2,792,000 after buying an additional 134,649 shares during the period. Independent Advisor Alliance raised its position in Seven Hills Realty Trust by 29.0% during the 4th quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock worth $3,474,000 after buying an additional 87,874 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Seven Hills Realty Trust by 162.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 112,802 shares of the company’s stock worth $1,004,000 after buying an additional 69,861 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.