Seven Hills Realty Trust (NASDAQ:SEVN) Receives “Market Outperform” Rating from Citizens Jmp

Seven Hills Realty Trust (NASDAQ:SEVN)‘s stock had its “market outperform” rating reiterated by stock analysts at Citizens Jmp in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $10.50 target price on the stock. Citizens Jmp’s target price would indicate a potential upside of 38.89% from the stock’s current price.

SEVN has been the topic of a number of other research reports. Zacks Research lowered shares of Seven Hills Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. UBS Group initiated coverage on Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 target price on the stock. Finally, JonesTrading reiterated a “buy” rating and set a $10.00 price target 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.12.

Seven Hills Realty Trust Stock Performance

NASDAQ SEVN opened at $7.56 on Tuesday. Seven Hills Realty Trust has a 52 week low of $7.36 and a 52 week high of $11.15. The business has a 50 day moving average price of $8.02 and a 200-day moving average price of $8.26.

Seven Hills Realty Trust (NASDAQ:SEVN) last issued its earnings results on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $8.13 million during the quarter, compared to the consensus estimate of $8.76 million.

Institutional Trading of Seven Hills Realty Trust

Hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new position in Seven Hills Realty Trust in the 1st quarter valued at $30,000. BNP Paribas Financial Markets raised its stake 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 purchasing an additional 1,255 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Seven Hills Realty Trust in the 2nd quarter worth about $41,000. Rockefeller Capital Management L.P. purchased a new position in shares of Seven Hills Realty Trust in the 4th quarter worth about $37,000. Finally, Police & Firemen s Retirement System of New Jersey grew its position in Seven Hills Realty Trust by 141.5% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 6,971 shares of the company’s stock valued at $62,000 after buying an additional 4,084 shares during the period.

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.