Seven Hills Realty Trust (NASDAQ:SEVN) Downgraded to “Strong Sell” Rating by Zacks Research

Seven Hills Realty Trust (NASDAQ:SEVN) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

SEVN has been the topic of a number of other reports. UBS Group started coverage on shares of Seven Hills Realty Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $10.00 target price on the stock. JonesTrading restated a “buy” rating and issued a $10.00 price target on shares of Seven Hills Realty Trust in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Seven Hills Realty Trust currently has an average rating of “Moderate Buy” and a consensus price target of $10.38.

Seven Hills Realty Trust Stock Performance

Shares of SEVN stock opened at $7.54 on Thursday. Seven Hills Realty Trust has a fifty-two week low of $7.36 and a fifty-two week high of $11.15. The company has a 50 day moving average price of $8.33 and a 200 day moving average price of $8.44.

Seven Hills Realty Trust (NASDAQ:SEVN) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.23 EPS 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 analyst estimates of $8.76 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in Seven Hills Realty Trust by 6.9% in the 1st quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock valued at $212,000 after buying an additional 1,667 shares during the period. Sei Investments Co. raised its stake in shares of Seven Hills Realty Trust by 100.5% during the 1st quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock worth $187,000 after buying an additional 11,400 shares in the last quarter. Riverbridge Partners LLC lifted its holdings 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 valued at $1,986,000 after buying an additional 17,170 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Seven Hills Realty Trust in the 4th quarter valued at approximately $294,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Seven Hills Realty Trust in the fourth quarter valued at approximately $37,000.

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.