Seven Hills Realty Trust (NASDAQ:SEVN) Issues Earnings Results, Beats Estimates By $0.01 EPS

Seven Hills Realty Trust (NASDAQ:SEVN) released its earnings results on Wednesday. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01, FiscalAI reports. The firm had revenue of $7.30 million for the quarter, compared to the consensus estimate of $7.34 million.

Seven Hills Realty Trust Stock Performance

Shares of SEVN traded up $0.12 during mid-day trading on Thursday, reaching $8.77. The company’s stock had a trading volume of 32,533 shares, compared to its average volume of 104,695. Seven Hills Realty Trust has a 1-year low of $8.30 and a 1-year high of $13.44. The business has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $9.63.

Seven Hills Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Monday, January 26th will be paid a $0.28 dividend. The ex-dividend date is Monday, January 26th. This represents a $1.12 annualized dividend and a yield of 12.8%. Seven Hills Realty Trust’s dividend payout ratio is currently 81.58%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Citizens Jmp dropped their target price on Seven Hills Realty Trust from $12.50 to $11.50 and set a “market outperform” rating on the stock in a research report on Tuesday, December 16th. LADENBURG THALM/SH SH started coverage on shares of Seven Hills Realty Trust in a report on Wednesday, January 7th. They issued a “buy” rating and a $10.00 price objective on the stock. JonesTrading reissued a “buy” rating and issued a $12.50 price objective on shares of Seven Hills Realty Trust in a research report on Tuesday, October 28th. Citigroup reaffirmed an “outperform” rating on shares of Seven Hills Realty Trust in a research report on Tuesday, December 16th. Finally, Zacks Research upgraded shares of Seven Hills Realty Trust to a “hold” rating in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Seven Hills Realty Trust has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Insiders Place Their Bets

In related news, major shareholder Tremont Realty Capital Llc bought 2,015,748 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was bought at an average price of $8.65 per share, for a total transaction of $17,436,220.20. Following the purchase, the insider owned 4,577,835 shares in the company, valued at $39,598,272.75. This represents a 78.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam D. Portnoy bought 2,015,748 shares of Seven Hills Realty Trust stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of $8.65 per share, with a total value of $17,436,220.20. Following the acquisition, the director directly owned 4,577,835 shares in the company, valued at $39,598,272.75. This trade represents a 78.68% increase in their position. The disclosure for this purchase is available in the SEC filing.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 199,318 shares during the period. 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 purchasing an additional 134,649 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Seven Hills Realty Trust by 162.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 112,802 shares of the company’s stock valued at $1,004,000 after purchasing an additional 69,861 shares during the period. Goldman Sachs Group Inc. boosted its stake in Seven Hills Realty Trust by 76.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 120,745 shares of the company’s stock valued at $1,075,000 after purchasing an additional 52,469 shares during the period. Finally, Jane Street Group LLC acquired a new position in Seven Hills Realty Trust in the 1st quarter valued at $608,000.

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.