Strawberry Fields REIT (NYSEAMERICAN:STRW) Posts Earnings Results, Beats Expectations By $0.02 EPS

Strawberry Fields REIT (NYSEAMERICAN:STRW) released 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 firm had revenue of $39.98 million during the quarter, compared to analyst estimates of $40.28 million. Strawberry Fields REIT had a return on equity of 11.35% and a net margin of 4.89%.

Strawberry Fields REIT Price Performance

Shares of NYSEAMERICAN:STRW 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 business has a fifty day moving average price of $12.63 and a 200-day moving average price of $12.64. The company has a market capitalization of $171.53 million, a PE ratio of 19.72 and a beta of 0.43.

Strawberry Fields REIT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, June 16th. This is a boost 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%.

Institutional Investors Weigh In On Strawberry Fields REIT

Several large investors have recently bought and sold shares of the business. Gabelli Funds LLC purchased a new position in Strawberry Fields REIT in the second quarter worth about $1,515,000. Jones Financial Companies Lllp purchased a new position in Strawberry Fields REIT in the first quarter worth about $984,000. Acadian Asset Management LLC purchased a new position in Strawberry Fields REIT in the first quarter worth about $453,000. Gamco Investors INC. ET AL purchased a new position in Strawberry Fields REIT in the second quarter worth about $320,000. Finally, Lazard Asset Management LLC boosted its position in Strawberry Fields REIT by 288.7% in the second quarter. Lazard Asset Management LLC now owns 22,631 shares of the company’s stock worth $238,000 after purchasing an additional 16,809 shares during the last quarter.

Key Headlines 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

A number of analysts have recently weighed in on the company. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. Lake Street Capital reissued a “buy” rating and set a $16.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. Alliance Global Partners reissued a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday. Finally, B. Riley Financial assumed coverage on Strawberry Fields REIT in a research note on Tuesday, April 21st. They set a “neutral” rating and a $13.50 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.63.

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.