Janney starts ‘overly discounted’ Seven Hills Realty Trust initiated with a Buy

As previously reported, Janney Montgomery Scott initiated coverage of Seven Hills Realty Trust with a Buy rating and $15 fair value estimate. Seven Hills, in its “relatively short history as a public company,” has managed a portfolio of CRE loans through the COVID-19 pandemic and one of the largest rate hike cycles in history with “exceptionally good credit performance,” notes the analyst, who contends that shares are “overly discounted” at the current valuation.