Seven Hills Realty Trust (NASDAQ:SEVN) Given Consensus Rating of “Moderate Buy” by Analysts

Seven Hills Realty Trust (NASDAQ:SEVN) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.1250.

A number of research firms have issued reports on SEVN. Jones Trading reiterated a “buy” rating and set a $12.50 price target on shares of Seven Hills Realty Trust in a research note on Tuesday, October 28th. Citigroup reiterated an “outperform” rating on shares of Seven Hills Realty Trust in a research note on Tuesday, December 16th. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Citizens Jmp cut 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 report on Tuesday, December 16th. Finally, LADENBURG THALM/SH SH started coverage on Seven Hills Realty Trust in a research report on Wednesday. They set a “buy” rating and a $10.00 price target for the company.

Insider Activity at Seven Hills Realty Trust

In other news, major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of the stock in a transaction dated Thursday, December 11th. The stock was purchased at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the completion of the purchase, the insider 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Adam D. Portnoy purchased 2,015,748 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was acquired at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the purchase, the director directly owned 4,577,835 shares of the company’s stock, valued at $39,598,272.75. This trade represents a 78.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Adapt Wealth Advisors LLC purchased a new stake in Seven Hills Realty Trust in the third quarter worth about $732,000. Jane Street Group LLC purchased a new stake in shares of Seven Hills Realty Trust in the 1st quarter worth approximately $608,000. Independent Advisor Alliance increased its position in Seven Hills Realty Trust by 11.5% during the 3rd quarter. Independent Advisor Alliance now owns 302,517 shares of the company’s stock valued at $3,119,000 after buying an additional 31,096 shares in the last quarter. Riverbridge Partners LLC raised its stake in Seven Hills Realty Trust by 41.8% during the third quarter. Riverbridge Partners LLC now owns 85,655 shares of the company’s stock valued at $883,000 after buying an additional 25,257 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Seven Hills Realty Trust by 5.0% during the second quarter. Geode Capital Management LLC now owns 350,038 shares of the company’s stock valued at $4,225,000 after buying an additional 16,514 shares during the last quarter.

Seven Hills Realty Trust Stock Down 1.3%

SEVN stock traded down $0.12 during trading on Wednesday, reaching $8.85. 21,383 shares of the stock were exchanged, compared to its average volume of 76,858. The firm’s 50 day moving average is $8.98 and its 200 day moving average is $10.20. Seven Hills Realty Trust has a twelve month low of $8.30 and a twelve month high of $13.97.

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

Seven Hills Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, October 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend was Monday, October 27th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is currently 86.37%.

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.