Strawberry Fields REIT (NYSEAMERICAN:STRW) Releases Earnings Results

Strawberry Fields REIT (NYSEAMERICAN:STRW) announced its quarterly earnings data on Friday. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02, FiscalAI reports. The business had revenue of $39.98 million for the quarter, compared to analyst estimates of $40.28 million. Strawberry Fields REIT had a net margin of 4.89% and a return on equity of 11.35%.

Strawberry Fields REIT Stock Performance

Shares of STRW stock traded down $0.13 during mid-day trading on Friday, hitting $12.82. 24,876 shares of the stock were exchanged, compared to its average volume of 26,737. The stock’s fifty day simple moving average is $12.63 and its two-hundred day simple moving average is $12.64. Strawberry Fields REIT has a 12-month low of $9.46 and a 12-month high of $14.00. The stock has a market capitalization of $171.53 million, a price-to-earnings ratio of 21.02 and a beta of 0.43.

Strawberry Fields REIT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This is a positive change from Strawberry Fields REIT’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 5.3%. Strawberry Fields REIT’s dividend payout ratio is 125.49%.

Key Stories Impacting Strawberry Fields REIT

Here are the key news stories impacting Strawberry Fields REIT this week:

• Positive Sentiment: Strawberry Fields REIT reported first-quarter EPS of $0.17, ahead of the $0.15 consensus, while net income rose year over year and rental income increased 7.1%. Article Title
• Positive Sentiment: The company said it collected 100% of contractual rents and signed a term sheet for up to a $300 million corporate credit facility, which should help refinance debt and fund future acquisitions. Article Title
• Positive Sentiment: Management also announced a quarterly cash dividend of $0.17 per share, up 6.3% from the prior quarter, signaling confidence in cash flow and shareholder returns. Article Title
• Neutral Sentiment: Q1 FFO came in at $0.38 per share, which missed estimates by $0.01, and revenue of $39.98 million was slightly below consensus. Article Title
• Negative Sentiment: General and administrative expenses rose 22.6% year over year, which may raise some concerns about cost pressure even as operations improved.

Analysts Set New Price Targets

STRW has been the topic of several recent analyst reports. Lake Street Capital reissued a “buy” rating and issued a $16.00 target price on shares of Strawberry Fields REIT in a report on Monday, February 23rd. Zacks Research upgraded Strawberry Fields REIT to a “hold” rating in a report on Wednesday, April 22nd. B. Riley Financial initiated coverage on Strawberry Fields REIT in a research report on Tuesday, April 21st. They set a “neutral” rating and a $13.50 target price on the stock. Finally, Alliance Global Partners restated a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.63.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STRW. Wexford Capital LP acquired a new position in Strawberry Fields REIT during the third quarter worth approximately $44,000. Bank of America Corp DE boosted its holdings in shares of Strawberry Fields REIT by 52.9% in the fourth quarter. Bank of America Corp DE now owns 4,725 shares of the company’s stock valued at $50,000 after acquiring an additional 1,634 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Strawberry Fields REIT by 58.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,431 shares of the company’s stock valued at $65,000 after acquiring an additional 2,011 shares during the period. Rhumbline Advisers grew its position in shares of Strawberry Fields REIT by 39.5% during the first quarter. Rhumbline Advisers now owns 7,412 shares of the company’s stock worth $88,000 after acquiring an additional 2,098 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Strawberry Fields REIT during the first quarter worth approximately $121,000.

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.