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

Seven Hills Realty Trust (NASDAQ:SEVN) issued its earnings results on Wednesday. The company reported $0.28 earnings per share 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 analyst estimates of $7.34 million.

Seven Hills Realty Trust Stock Performance

SEVN stock traded down $0.09 during mid-day trading on Wednesday, hitting $8.65. The company had a trading volume of 129,345 shares, compared to its average volume of 107,066. Seven Hills Realty Trust has a 12 month low of $8.30 and a 12 month high of $13.44. The stock’s fifty day moving average price is $8.95 and its two-hundred day moving average price is $9.64.

Seven Hills Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Monday, January 26th. Seven Hills Realty Trust’s dividend payout ratio (DPR) is 81.58%.

Insider Buying and Selling

In related news, Director Adam D. Portnoy purchased 2,015,748 shares of the firm’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 director directly owned 4,577,835 shares in the company, valued at approximately $39,598,272.75. This trade represents a 78.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Tremont Realty Capital Llc acquired 2,015,748 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was purchased 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 of the company’s stock, valued at $39,598,272.75. The trade was a 78.68% increase in their position. The disclosure for this purchase is available in the SEC filing.

Hedge Funds Weigh In On Seven Hills Realty Trust

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SEVN shares. Citigroup restated an “outperform” rating on shares of Seven Hills Realty Trust in a report on Tuesday, December 16th. Citizens Jmp cut 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. Zacks Research raised Seven Hills Realty Trust to a “hold” rating in a research report on Friday, January 9th. JonesTrading reissued a “buy” rating and issued a $12.50 price target on shares of Seven Hills Realty Trust in a research report on Tuesday, October 28th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Seven Hills Realty Trust in a report on Wednesday, January 7th. They set a “buy” rating and a $10.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Seven Hills Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $11.33.

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.