Seven Hills Realty Trust (NASDAQ:SEVN) Upgraded at 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 report issued on Monday,Zacks.com reports.

Separately, UBS Group started coverage on shares of Seven Hills Realty Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price target for the company. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.38.

Seven Hills Realty Trust Stock Down 1.1%

Shares of NASDAQ:SEVN opened at $8.43 on Monday. The company has a 50 day moving average of $8.35 and a 200-day moving average of $8.58. Seven Hills Realty Trust has a twelve month low of $7.90 and a twelve month high of $12.86.

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

Institutional Trading of Seven Hills Realty Trust

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Seven Hills Realty Trust by 6.9% in the first quarter. Bank of America Corp DE now owns 25,778 shares of the company’s stock valued at $212,000 after acquiring an additional 1,667 shares during the last quarter. Sei Investments Co. grew its position in shares of Seven Hills Realty Trust by 100.5% in the first quarter. Sei Investments Co. now owns 22,744 shares of the company’s stock valued at $187,000 after purchasing an additional 11,400 shares during the last quarter. Riverbridge Partners LLC grew its holdings in 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 last quarter. Hsbc Holdings PLC bought a new position in Seven Hills Realty Trust during the fourth quarter worth $294,000. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Seven Hills Realty Trust during the 4th quarter worth about $37,000.

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.