Seven Hills Realty Trust’s (SEVN) “Buy” Rating Reiterated at JonesTrading

JonesTrading reaffirmed their buy rating on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research note released on Wednesday morning,Benzinga reports. The firm currently has a $10.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. UBS Group began coverage on Seven Hills Realty Trust in a 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 issued a Hold rating to the stock. According to MarketBeat.com, Seven Hills Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $10.38.

Seven Hills Realty Trust Price Performance

NASDAQ SEVN opened at $7.54 on Wednesday. The firm has a 50 day simple moving average of $8.33 and a 200-day simple moving average of $8.44. Seven Hills Realty Trust has a one year low of $7.36 and a one year high of $11.15.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $8.13 million for the quarter, compared to analysts’ expectations of $8.76 million.

Seven Hills Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 14.9%. Seven Hills Realty Trust’s dividend payout ratio is currently 76.78%.

Institutional Investors Weigh In On Seven Hills Realty Trust

Institutional investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in Seven Hills Realty Trust by 55.6% in the fourth quarter. Geode Capital Management LLC now owns 557,604 shares of the company’s stock valued at $4,964,000 after buying an additional 199,318 shares during the last quarter. State Street Corp lifted its holdings in Seven Hills Realty Trust by 75.2% during the 4th 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 lifted its holdings 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. Charles Schwab Investment Management Inc. lifted its holdings 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. Finally, Goldman Sachs Group Inc. boosted its position in shares of Seven Hills Realty Trust by 76.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 120,745 shares of the company’s stock worth $1,075,000 after acquiring an additional 52,469 shares in the last quarter.

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.