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

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

A number of other research analysts have also weighed in on the company. UBS Group started coverage on Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $10.00 price target on the stock. Citizens Jmp reaffirmed 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. 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. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Seven Hills Realty Trust currently has an average rating of “Moderate Buy” and an average price target of $10.12.

Seven Hills Realty Trust Stock Performance

Shares of NASDAQ SEVN opened at $7.22 on Monday. Seven Hills Realty Trust has a 12 month low of $7.19 and a 12 month high of $10.91. The company has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $8.07.

Seven Hills Realty Trust (NASDAQ:SEVN) last announced 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 company had revenue of $8.13 million for the quarter, compared to analyst estimates of $8.76 million.

Institutional Investors Weigh In On Seven Hills Realty Trust

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Seven Hills Realty Trust in the second quarter worth about $17,284,000. Riverbridge Partners LLC grew its position in shares of Seven Hills Realty Trust by 7.7% in the 1st quarter. Riverbridge Partners LLC now owns 241,581 shares of the company’s stock worth $1,986,000 after acquiring an additional 17,170 shares in the last quarter. Flat Footed LLC acquired a new position in shares of Seven Hills Realty Trust in the 2nd quarter worth approximately $700,052. Bank of New York Mellon Corp bought a new stake in shares of Seven Hills Realty Trust in the 2nd quarter valued at approximately $469,000. Finally, Odyssean LLC raised its position in shares of Seven Hills Realty Trust by 289.2% during the 2nd quarter. Odyssean LLC now owns 41,973 shares of the company’s stock valued at $354,000 after acquiring an additional 31,189 shares in the last quarter.

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.