Seven Hills Realty Trust’s (SEVN) “Market Outperform” Rating Reiterated at Citizens Jmp

Citizens Jmp reaffirmed their market outperform rating on shares of Seven Hills Realty Trust (NASDAQ:SEVN) in a research note released on Tuesday morning,Benzinga reports. They currently have a $10.50 price objective on the stock.

A number of other equities analysts also recently commented on the company. 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 target for the company. Zacks Research cut Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, JonesTrading reaffirmed a “buy” rating and set a $10.00 target price 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.12.

Seven Hills Realty Trust Stock Up 1.2%

SEVN opened at $7.51 on Tuesday. Seven Hills Realty Trust has a 12-month low of $7.36 and a 12-month high of $11.15. The firm’s fifty day moving average price is $7.96 and its 200 day moving average price is $8.23.

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 for the quarter, compared to the consensus estimate of $8.76 million.

Seven Hills Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 14.9%. The ex-dividend date was Monday, July 20th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 76.78%.

Hedge Funds Weigh In On Seven Hills Realty Trust

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its position in Seven Hills Realty Trust by 4.9% in the 1st quarter. Royal Bank of Canada now owns 19,397 shares of the company’s stock valued at $242,000 after purchasing an additional 900 shares during the last quarter. Jane Street Group LLC bought a new position in Seven Hills Realty Trust in the 1st quarter worth about $608,000. Strs Ohio bought a new position in Seven Hills Realty Trust in the 1st quarter worth about $30,000. Geode Capital Management LLC increased its stake in shares of Seven Hills Realty Trust by 5.0% in the second quarter. Geode Capital Management LLC now owns 350,038 shares of the company’s stock valued at $4,225,000 after purchasing an additional 16,514 shares during the period. Finally, Invesco Ltd. acquired a new stake in shares of Seven Hills Realty Trust in the second quarter valued at approximately $147,000.

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.