Seven Hills Realty Trust (NASDAQ:SEVN) Upgraded at UBS Group

Seven Hills Realty Trust (NASDAQ:SEVN) was upgraded by equities researchers at UBS Group to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Zacks Research downgraded shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. JonesTrading dropped their price target on shares of Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.38.

Seven Hills Realty Trust Stock Performance

Shares of Seven Hills Realty Trust stock opened at $8.49 on Tuesday. The company’s 50 day moving average price is $8.30 and its two-hundred day moving average price is $8.62. Seven Hills Realty Trust has a fifty-two week low of $7.90 and a fifty-two week high of $12.86.

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, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $8.34 million for the quarter, compared to the consensus estimate of $8.65 million.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of hedge funds have recently bought and sold shares of SEVN. Geode Capital Management LLC raised its stake in 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 buying an additional 199,318 shares during the last quarter. Riverbridge Partners LLC raised its stake in Seven Hills Realty Trust by 162.0% during the fourth quarter. Riverbridge Partners LLC now owns 224,411 shares of the company’s stock worth $1,997,000 after buying an additional 138,756 shares during the last quarter. State Street Corp raised its stake in Seven Hills Realty Trust by 75.2% during the fourth quarter. State Street Corp now owns 313,699 shares of the company’s stock worth $2,792,000 after buying an additional 134,649 shares during the last quarter. Independent Advisor Alliance raised its stake in Seven Hills Realty Trust by 29.0% during the fourth 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, Adapt Wealth Advisors LLC bought a new position in Seven Hills Realty Trust during the third quarter worth $732,000.

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.