Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Stock Has Average Price Target of $15.50

Shares of Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) have earned an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $15.50.

A number of equities research analysts recently commented on STRW shares. Cantor Fitzgerald increased their price target on Strawberry Fields REIT from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Compass Point upgraded Strawberry Fields REIT from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 18th. B. Riley Financial reiterated a “neutral” rating and issued a $14.50 price objective (up from $13.50) on shares of Strawberry Fields REIT in a research report on Wednesday, July 22nd. Huntington started coverage on Strawberry Fields REIT in a research note on Thursday, September 10th. They issued a “market perform” rating and a $15.00 price objective on the stock. Finally, Piper Sandler set a $16.00 target price on Strawberry Fields REIT in a report on Tuesday, August 11th.

Institutional Investors Weigh In On Strawberry Fields REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STRW. Deutsche Bank AG acquired a new position in shares of Strawberry Fields REIT during the second quarter worth approximately $111,000. Hsbc Holdings PLC acquired a new stake in shares of Strawberry Fields REIT in the first quarter valued at approximately $127,000. Man Group plc bought a new position in Strawberry Fields REIT in the 2nd quarter worth approximately $158,000. Globeflex Capital L P bought a new position in Strawberry Fields REIT in the 1st quarter worth approximately $140,000. Finally, Bank of New York Mellon Corp bought a new position in Strawberry Fields REIT in the 2nd quarter worth approximately $243,000.

Strawberry Fields REIT Stock Up 1.0%

NYSEAMERICAN:STRW opened at $12.93 on Wednesday. The firm has a market cap of $183.09 million, a PE ratio of 19.89 and a beta of 0.41. Strawberry Fields REIT has a 12 month low of $11.11 and a 12 month high of $14.75. The company’s 50-day moving average price is $13.63 and its two-hundred day moving average price is $13.32.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Strawberry Fields REIT had a net margin of 5.30% and a return on equity of 17.25%. The company had revenue of $40.05 million during the quarter, compared to analyst estimates of $40.24 million. On average, research analysts expect that Strawberry Fields REIT will post 1.40 EPS for the current fiscal year.

Strawberry Fields REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 16th. This represents a $0.68 annualized dividend and a yield of 5.3%. Strawberry Fields REIT’s dividend payout ratio is 133.34%.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc is a healthcare-focused real estate investment trust that owns and acquires properties used by healthcare providers. Its portfolio is centered primarily on skilled nursing facilities and other healthcare-related real estate.

The company generally leases its properties to healthcare operators, primarily under long-term, triple-net lease arrangements. Under these agreements, tenants typically operate the facilities and are responsible for many property-level expenses, while Strawberry Fields REIT receives rental income as the property owner.

Strawberry Fields REIT serves healthcare markets primarily in the Midwestern and Southern United States.