Seven Hills Realty Trust (NASDAQ:SEVN) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Seven Hills Realty Trust (NASDAQ:SEVN) announced its earnings results on Tuesday. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02), FiscalAI reports. The company had revenue of $8.13 million during the quarter, compared to analyst estimates of $8.76 million.

Seven Hills Realty Trust Stock Down 0.4%

Shares of NASDAQ:SEVN traded down $0.03 during mid-day trading on Thursday, hitting $7.63. The stock had a trading volume of 43,734 shares, compared to its average volume of 120,353. Seven Hills Realty Trust has a 12-month low of $7.60 and a 12-month high of $11.15. The company’s 50 day moving average is $8.37 and its 200-day moving average is $8.46.

Seven Hills Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be issued a dividend of $0.28 per share. The ex-dividend date is Monday, July 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 14.7%. Seven Hills Realty Trust’s payout ratio is currently 76.78%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group assumed coverage on shares of Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $10.00 target price for the company. Finally, JonesTrading restated a “buy” rating and set a $10.00 target price on shares of Seven Hills Realty Trust in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.38.

Institutional Trading of Seven Hills Realty Trust

Several large investors have recently added to or reduced their stakes in SEVN. Strs Ohio purchased a new position in shares of Seven Hills Realty Trust during the first quarter valued at $30,000. BNP Paribas Financial Markets boosted its position in Seven Hills Realty Trust by 72.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock worth $31,000 after acquiring an additional 1,255 shares during the period. Raymond James Financial Inc. acquired a new stake in Seven Hills Realty Trust during the 2nd quarter worth about $41,000. Police & Firemen s Retirement System of New Jersey boosted its position in Seven Hills Realty Trust by 141.5% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock worth $62,000 after acquiring an additional 4,084 shares during the period. Finally, LPL Financial LLC purchased a new position in Seven Hills Realty Trust during the 4th quarter valued at about $90,000.

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.