Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives $13.63 Consensus PT from Analysts

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $13.7875.

Several research analysts have weighed in on the company. Lake Street Capital reiterated a “buy” rating and set a $16.00 price objective on shares of Strawberry Fields REIT in a research report on Monday, February 23rd. B. Riley Financial began coverage on Strawberry Fields REIT in a research report on Tuesday, April 21st. They set a “neutral” rating and a $13.50 price objective on the stock. Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, May 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $15.00 price target on shares of Strawberry Fields REIT in a research report on Monday. Finally, Zacks Research upgraded Strawberry Fields REIT to a “hold” rating in a research report on Wednesday, April 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Globeflex Capital L P bought a new position in shares of Strawberry Fields REIT in the first quarter worth $140,000. Dimensional Fund Advisors LP increased its position in shares of Strawberry Fields REIT by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 38,139 shares of the company’s stock worth $454,000 after purchasing an additional 7,757 shares during the period. Hsbc Holdings PLC bought a new position in shares of Strawberry Fields REIT in the first quarter worth $127,000. Barclays PLC increased its position in shares of Strawberry Fields REIT by 14.3% in the fourth quarter. Barclays PLC now owns 11,936 shares of the company’s stock worth $156,000 after purchasing an additional 1,489 shares during the period. Finally, State Street Corp increased its position in shares of Strawberry Fields REIT by 2.6% in the fourth quarter. State Street Corp now owns 169,865 shares of the company’s stock worth $2,225,000 after purchasing an additional 4,380 shares during the period.

Strawberry Fields REIT Price Performance

STRW stock opened at $13.00 on Friday. The stock has a market capitalization of $174.59 million, a price-to-earnings ratio of 20.00 and a beta of 0.43. The business’s fifty day moving average price is $12.64 and its two-hundred day moving average price is $12.68. Strawberry Fields REIT has a fifty-two week low of $9.46 and a fifty-two week high of $14.00.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $39.98 million for the quarter, compared to analysts’ expectations of $40.28 million. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%. Research analysts expect that Strawberry Fields REIT will post 1.41 EPS for the current year.

Strawberry Fields REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a $0.17 dividend. The ex-dividend date is Tuesday, June 16th. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.2%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 125.49%.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc, is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas. The 109 healthcare facilities comprise 99 skilled nursing facilities, eight assisted living facilities, and two long-term acute care hospitals.