Independent Advisor Alliance Increases Stock Position in Seven Hills Realty Trust $SEVN

Independent Advisor Alliance grew its position in Seven Hills Realty Trust (NASDAQ:SEVN) by 29.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390,391 shares of the company’s stock after purchasing an additional 87,874 shares during the period. Independent Advisor Alliance’s holdings in Seven Hills Realty Trust were worth $3,474,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Seven Hills Realty Trust in the first quarter valued at about $30,000. BNP Paribas Financial Markets lifted its position in shares of Seven Hills Realty Trust by 72.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,993 shares of the company’s stock worth $31,000 after buying an additional 1,255 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Seven Hills Realty Trust during the 2nd quarter worth approximately $41,000. Bailard Inc. bought a new position in shares of Seven Hills Realty Trust during the 3rd quarter worth approximately $108,000. Finally, Running Point Capital Advisors LLC bought a new position in shares of Seven Hills Realty Trust during the 3rd quarter worth approximately $121,000.

Analysts Set New Price Targets

Several research firms have commented on SEVN. JonesTrading dropped their target price on shares of Seven Hills Realty Trust from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Zacks Research cut Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Seven Hills Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Seven Hills Realty Trust Stock Performance

SEVN opened at $8.30 on Thursday. The firm has a 50-day moving average of $8.31 and a 200 day moving average of $8.72. Seven Hills Realty Trust has a fifty-two week low of $7.90 and a fifty-two week high of $12.86.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $8.34 million for the quarter, compared to the consensus estimate of $8.65 million.

Seven Hills Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st will be paid a dividend of $0.28 per share. The ex-dividend date is Tuesday, April 21st. This represents a $1.12 annualized dividend and a dividend yield of 13.5%. Seven Hills Realty Trust’s dividend payout ratio (DPR) is presently 76.78%.

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.