Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Announces Quarterly Dividend of $0.16

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.16 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Tuesday, March 17th.

Strawberry Fields REIT has a dividend payout ratio of 107.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Strawberry Fields REIT to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.

Strawberry Fields REIT Stock Performance

Shares of STRW traded down $0.11 during mid-day trading on Friday, reaching $12.67. 11,858 shares of the company’s stock traded hands, compared to its average volume of 30,193. The business’s 50-day moving average price is $13.03 and its 200-day moving average price is $12.37. The stock has a market capitalization of $166.24 million, a P/E ratio of 20.93 and a beta of 0.36. Strawberry Fields REIT has a 12 month low of $8.70 and a 12 month high of $14.00.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.17). The business had revenue of $40.10 million during the quarter, compared to the consensus estimate of $40.30 million. Strawberry Fields REIT had a return on equity of 10.50% and a net margin of 4.89%. Equities research analysts anticipate that Strawberry Fields REIT will post 1.12 EPS for the current year.

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.