Strawberry Fields REIT, Inc. (STRW) to Issue Quarterly Dividend of $0.17 on June 30th

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) announced a quarterly dividend on Friday, May 8th. Investors of record on Tuesday, June 16th will be given a dividend of 0.17 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, June 16th. This is a 6.3% increase from Strawberry Fields REIT’s previous quarterly dividend of $0.16.

Strawberry Fields REIT has a dividend payout ratio of 123.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Strawberry Fields REIT to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 40.3%.

Strawberry Fields REIT Stock Performance

Strawberry Fields REIT stock opened at $12.82 on Friday. Strawberry Fields REIT has a 1 year low of $9.46 and a 1 year high of $14.00. The firm has a 50 day moving average price of $12.63 and a 200 day moving average price of $12.64. The company has a market cap of $171.53 million, a price-to-earnings ratio of 19.72 and a beta of 0.43.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last released its earnings results on Friday, May 8th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 11.35%. The firm had revenue of $39.98 million during the quarter, compared to the consensus estimate of $40.28 million. Sell-side analysts predict that Strawberry Fields REIT will post 1.41 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.