Strawberry Fields REIT, Inc. (STRW) to Issue Quarterly Dividend of $0.16 on March 31st

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.16 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, March 17th.

Strawberry Fields REIT has a dividend payout ratio of 107.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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

Strawberry Fields REIT stock traded up $0.08 on Friday, reaching $12.88. The company’s stock had a trading volume of 17,518 shares, compared to its average volume of 31,376. The business’s fifty day moving average price is $12.98 and its 200 day moving average price is $12.49. The company has a market cap of $168.99 million, a price-to-earnings ratio of 21.11 and a beta of 0.38. Strawberry Fields REIT has a twelve month low of $8.70 and a twelve month high of $14.00.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last announced its earnings results on Thursday, February 19th. The company reported $0.16 earnings per share 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 analyst estimates of $40.30 million. Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 10.50%. As a group, equities analysts forecast that Strawberry Fields REIT will post 1.12 earnings per share for the current year.

Strawberry Fields REIT Company Profile

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.