Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Receives Average Recommendation of “Moderate Buy” from Brokerages

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $15.6250.

Several brokerages have recently issued reports on STRW. Piper Sandler set a $16.00 target price on shares of Strawberry Fields REIT in a research note on Tuesday, August 11th. Cantor Fitzgerald boosted their price objective on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Alliance Global Partners reaffirmed a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, May 8th. Compass Point upgraded Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, B. Riley Financial reissued a “neutral” rating and issued a $14.50 target price (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday, July 22nd.

Strawberry Fields REIT Trading Up 1.3%

Strawberry Fields REIT stock traded up $0.18 during trading hours on Tuesday, hitting $13.92. 3,338 shares of the stock traded hands, compared to its average volume of 30,489. Strawberry Fields REIT has a one year low of $11.01 and a one year high of $14.75. The firm’s 50-day moving average price is $13.75 and its two-hundred day moving average price is $13.12. The company has a market cap of $197.09 million, a PE ratio of 21.32 and a beta of 0.41.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $40.05 million during the quarter, compared to analyst estimates of $40.24 million. Strawberry Fields REIT had a return on equity of 17.25% and a net margin of 5.30%. On average, sell-side analysts expect that Strawberry Fields REIT will post 1.4 earnings per share for the current fiscal year.

Strawberry Fields REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.68 annualized dividend and a dividend yield of 4.9%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 133.34%.

Hedge Funds Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Strawberry Fields REIT during the 2nd quarter valued at about $8,944,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Strawberry Fields REIT during the second quarter valued at approximately $4,794,000. Gabelli Funds LLC bought a new position in Strawberry Fields REIT during the second quarter valued at approximately $1,515,000. Jones Financial Companies Lllp purchased a new stake in Strawberry Fields REIT in the first quarter worth approximately $984,000. Finally, Acadian Asset Management LLC purchased a new stake in Strawberry Fields REIT in the first quarter worth approximately $453,000.

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.