Seven Hills Realty Trust (NASDAQ:SEVN) Raised to “Hold” at Zacks Research

Seven Hills Realty Trust (NASDAQ:SEVN) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, UBS Group assumed coverage on Seven Hills Realty Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price for the company. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.38.

Seven Hills Realty Trust Stock Performance

Shares of SEVN stock opened at $8.43 on Monday. The company has a 50 day moving average of $8.35 and a 200-day moving average of $8.58. Seven Hills Realty Trust has a 12-month low of $7.90 and a 12-month high of $12.86.

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

Institutional Trading of Seven Hills Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Independent Advisor Alliance boosted its holdings in shares of Seven Hills Realty Trust by 29.0% in the fourth quarter. Independent Advisor Alliance now owns 390,391 shares of the company’s stock worth $3,474,000 after acquiring an additional 87,874 shares during the period. Riverbridge Partners LLC grew its position in shares of Seven Hills Realty Trust by 162.0% in the fourth quarter. Riverbridge Partners LLC now owns 224,411 shares of the company’s stock valued at $1,997,000 after purchasing an additional 138,756 shares in the last quarter. Strs Ohio raised its stake in shares of Seven Hills Realty Trust by 62.5% during the 4th quarter. Strs Ohio now owns 3,900 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Seven Hills Realty Trust by 30.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,607 shares of the company’s stock valued at $212,000 after purchasing an additional 4,778 shares during the period. Finally, Sei Investments Co. lifted its holdings in Seven Hills Realty Trust by 100.5% during the 1st quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock worth $187,000 after purchasing an additional 11,400 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.