Seven Hills Realty Trust (NASDAQ:SEVN) Receives Buy Rating from JonesTrading

Seven Hills Realty Trust (NASDAQ:SEVN)‘s stock had its “buy” rating reiterated by research analysts at JonesTrading in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $10.00 target price on the stock. JonesTrading’s price objective suggests a potential upside of 29.37% from the company’s previous close.

Other equities analysts have also issued reports about the stock. UBS Group assumed coverage on shares of Seven Hills Realty Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $10.00 price target on the stock. Zacks Research raised Seven Hills Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.38.

Seven Hills Realty Trust Price Performance

SEVN stock traded down $0.31 during trading on Wednesday, hitting $7.73. The company had a trading volume of 224,079 shares, compared to its average volume of 120,070. The company has a fifty day moving average price of $8.38 and a two-hundred day moving average price of $8.47. Seven Hills Realty Trust has a fifty-two week low of $7.66 and a fifty-two week high of $11.15.

Seven Hills Realty Trust (NASDAQ:SEVN) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $8.12 million during the quarter, compared to analysts’ expectations of $8.76 million.

Institutional Trading of Seven Hills Realty Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio bought a new position in Seven Hills Realty Trust during the first quarter worth about $30,000. BNP Paribas Financial Markets boosted its stake in 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 acquiring an additional 1,255 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Seven Hills Realty Trust during the fourth quarter valued at approximately $37,000. Raymond James Financial Inc. acquired a new position in Seven Hills Realty Trust during the second quarter valued at approximately $41,000. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in Seven Hills Realty Trust by 141.5% in 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 purchasing an additional 4,084 shares in the last quarter.

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.