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

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $15.50.

A number of equities analysts recently issued reports on STRW shares. B. Riley Financial reiterated 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. Piper Sandler set a $16.00 price target on shares of Strawberry Fields REIT in a research note on Tuesday, August 11th. Huntington assumed coverage on shares of Strawberry Fields REIT in a report on Thursday, September 10th. They set a “market perform” rating and a $15.00 price objective on the stock. Compass Point raised shares of Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 18th. Finally, Cantor Fitzgerald lifted their price objective on shares of Strawberry Fields REIT from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, August 10th.

Institutional Investors Weigh In On Strawberry Fields REIT

Several institutional investors have recently bought and sold shares of STRW. Man Group plc bought a new position in Strawberry Fields REIT during the 2nd quarter valued at $158,000. Hsbc Holdings PLC purchased a new stake in shares of Strawberry Fields REIT in the second quarter valued at about $142,000. Globeflex Capital L P bought a new position in shares of Strawberry Fields REIT during the second quarter valued at about $161,000. BlackRock Inc. bought a new position in shares of Strawberry Fields REIT during the second quarter valued at about $8,944,000. Finally, Deutsche Bank AG purchased a new position in Strawberry Fields REIT during the second quarter worth about $111,000.

Strawberry Fields REIT Stock Down 0.6%

NYSEAMERICAN:STRW opened at $13.73 on Friday. Strawberry Fields REIT has a twelve month low of $11.11 and a twelve month high of $14.75. The company has a fifty day moving average of $13.90 and a 200-day moving average of $13.27. The firm has a market capitalization of $194.42 million, a P/E ratio of 21.12 and a beta of 0.40.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. The business had revenue of $40.05 million during the quarter, compared to analysts’ expectations of $40.24 million. On average, analysts anticipate that Strawberry Fields REIT will post 1.4 EPS for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, September 16th. Strawberry Fields REIT’s payout ratio is currently 133.34%.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc is a self-administered real estate investment trust that owns and leases healthcare-related real estate. The company focuses primarily on skilled nursing facilities and other properties used to provide long-term care and post-acute healthcare services.

Strawberry Fields REIT generally leases its properties to healthcare operators under long-term, triple-net lease arrangements. Under these agreements, tenants typically assume responsibility for property-level expenses such as maintenance, insurance and taxes, while the REIT generates rental income from its real estate portfolio.

The company’s properties are located primarily in the Midwest and Southern regions of the United States.