Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.8333.

A number of equities analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $15.00 target price on shares of Strawberry Fields REIT in a research report on Monday, May 11th. Zacks Research raised shares of Strawberry Fields REIT to a “hold” rating in a research report on Wednesday, April 22nd. B. Riley Financial assumed coverage on shares of Strawberry Fields REIT in a research note on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 price target for the company. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a report on Friday, May 8th.

Hedge Funds Weigh In On Strawberry Fields REIT

Several large investors have recently modified their holdings of STRW. First Eagle Investment Management LLC increased its holdings in Strawberry Fields REIT by 8.4% in the fourth quarter. First Eagle Investment Management LLC now owns 325,589 shares of the company’s stock valued at $4,265,000 after buying an additional 25,205 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Strawberry Fields REIT by 9.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 203,816 shares of the company’s stock valued at $2,670,000 after acquiring an additional 18,415 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Strawberry Fields REIT by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 172,839 shares of the company’s stock valued at $2,265,000 after acquiring an additional 6,969 shares in the last quarter. State Street Corp lifted its stake in Strawberry Fields REIT by 2.6% during 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 last quarter. Finally, Gabelli Funds LLC bought a new position in Strawberry Fields REIT during the second quarter worth $1,515,000.

Strawberry Fields REIT Price Performance

Strawberry Fields REIT stock opened at $13.77 on Friday. Strawberry Fields REIT has a 12-month low of $9.87 and a 12-month high of $14.00. The company has a market capitalization of $184.93 million, a price-to-earnings ratio of 21.18 and a beta of 0.42. The firm’s fifty day moving average price is $13.08 and its 200 day moving average price is $12.95.

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, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $39.98 million during the quarter, compared to analysts’ expectations of $40.28 million. Strawberry Fields REIT had a net margin of 5.25% and a return on equity of 14.36%. Analysts forecast that Strawberry Fields REIT will post 1.41 earnings per share for the current fiscal year.

Strawberry Fields REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, June 16th. This is an increase from Strawberry Fields REIT’s previous quarterly dividend of $0.16. Strawberry Fields REIT’s payout ratio is presently 133.34%.

About Strawberry Fields REIT

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.