Analysts Set Seven Hills Realty Trust (NASDAQ:SEVN) Target Price at $10.12

Seven Hills Realty Trust (NASDAQ:SEVN) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $10.1250.

Several research analysts recently weighed in on the stock. Zacks Research downgraded shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Citizens Jmp restated a “market outperform” rating and issued a $10.50 price objective on shares of Seven Hills Realty Trust in a research report on Tuesday, September 1st. UBS Group started 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 for the company. Finally, JonesTrading reiterated a “buy” rating and set a $10.00 target price on shares of Seven Hills Realty Trust in a research report on Wednesday, July 29th.

Hedge Funds Weigh In On Seven Hills Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio increased its holdings in Seven Hills Realty Trust by 62.5% in the 4th quarter. Strs Ohio now owns 3,900 shares of the company’s stock valued at $35,000 after acquiring an additional 1,500 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Seven Hills Realty Trust during the 4th quarter valued at about $37,000. Deutsche Bank AG bought a new position in shares of Seven Hills Realty Trust during the 2nd quarter valued at about $156,000. Bank of America Corp DE bought a new position in shares of Seven Hills Realty Trust during the 2nd quarter valued at about $169,000. Finally, Sei Investments Co. grew its position in shares of Seven Hills Realty Trust by 100.5% during the first quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock valued at $187,000 after purchasing an additional 11,400 shares in the last quarter.

Seven Hills Realty Trust Stock Down 0.7%

Shares of SEVN opened at $7.36 on Thursday. Seven Hills Realty Trust has a one year low of $7.31 and a one year high of $11.15. The business has a fifty day moving average of $7.76 and a 200 day moving average of $8.15.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its earnings results 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 business had revenue of $8.13 million during the quarter, compared to the consensus estimate of $8.76 million.

Seven Hills Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 15.2%. The ex-dividend date of this dividend was Monday, July 20th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 76.78%.

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.