Seven Hills Realty Trust (NASDAQ:SEVN) Stock Rating Raised to Hold at Zacks Research

Zacks Research upgraded shares of Seven Hills Realty Trust (NASDAQ:SEVN) from a strong sell rating to a hold rating in a report issued on Monday,Zacks reports.

A number of other brokerages have also weighed in on SEVN. UBS Group began coverage on Seven Hills Realty Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price objective on the stock. Citizens Jmp reaffirmed a “market outperform” rating and issued a $10.50 price target on shares of Seven Hills Realty Trust in a research note on Tuesday, September 1st. Finally, JonesTrading reiterated a “buy” rating and issued a $10.00 price target on shares of Seven Hills Realty Trust in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.12.

Seven Hills Realty Trust Stock Performance

NASDAQ SEVN opened at $7.22 on Monday. The company has a 50-day simple moving average of $7.57 and a two-hundred day simple moving average of $8.07. Seven Hills Realty Trust has a 12-month low of $7.19 and a 12-month high of $10.91.

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 the consensus estimate of $0.25 by ($0.02). The business had revenue of $8.13 million during the quarter, compared to analysts’ expectations of $8.76 million.

Seven Hills Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, July 20th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 15.5%. The ex-dividend date of this dividend was Monday, July 20th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 76.78%.

Institutional Investors Weigh In On Seven Hills Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Seven Hills Realty Trust in the 2nd quarter worth approximately $17,284,000. Flat Footed LLC purchased a new position in Seven Hills Realty Trust during the second quarter valued at $700,052. Bank of New York Mellon Corp purchased a new position in Seven Hills Realty Trust during the second quarter valued at $469,000. Odyssean LLC boosted its holdings in Seven Hills Realty Trust by 289.2% in the second quarter. Odyssean LLC now owns 41,973 shares of the company’s stock worth $354,000 after acquiring an additional 31,189 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Seven Hills Realty Trust in the second quarter worth $169,000.

About Seven Hills Realty Trust

Seven Hills Realty Trust (NASDAQ: SEVN) is a real estate investment trust focused on originating and investing in senior secured, floating-rate commercial real estate loans. The company generally provides financing to owners and investors of middle-market and transitional properties, seeking loans secured by first-priority mortgages on commercial real estate.

Its investment portfolio may include loans backed by a range of property types, such as office, industrial, multifamily, hotel, self-storage and other commercial assets.