Seven Hills Realty Trust (NASDAQ:SEVN) Stock Rating Lowered by Zacks Research

Seven Hills Realty Trust (NASDAQ:SEVN) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on the stock. JonesTrading reaffirmed a “buy” rating and set a $10.00 price target on shares of Seven Hills Realty Trust in a research note on Wednesday. UBS Group assumed coverage on Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.38.

Seven Hills Realty Trust Stock Up 0.1%

SEVN stock opened at $7.54 on Thursday. Seven Hills Realty Trust has a 12 month low of $7.36 and a 12 month high of $11.15. The firm’s 50-day moving average is $8.33 and its 200 day moving average is $8.44.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of Seven Hills Realty Trust by 4.9% during the 1st quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock worth $242,000 after acquiring an additional 900 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Seven Hills Realty Trust by 72.2% during the third quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock valued at $31,000 after acquiring an additional 1,255 shares during the last quarter. Strs Ohio boosted its stake in Seven Hills Realty Trust by 62.5% in the fourth quarter. Strs Ohio now owns 3,900 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares in the last quarter. Bank of America Corp DE grew its holdings in Seven Hills Realty Trust by 6.9% in the first quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock worth $212,000 after purchasing an additional 1,667 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Seven Hills Realty Trust in the second quarter worth $41,000.

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.