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

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) declared a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 16th will be paid a dividend of 0.17 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend 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 payout ratio of 123.1% meaning 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

Shares of STRW stock opened at $13.22 on Friday. The stock’s 50 day simple moving average is $12.91 and its 200 day simple moving average is $12.88. Strawberry Fields REIT has a twelve month low of $9.87 and a twelve month high of $14.00. The company has a market capitalization of $177.54 million, a price-to-earnings ratio of 20.34 and a beta of 0.44.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Strawberry Fields REIT had a return on equity of 14.36% and a net margin of 5.25%.The business had revenue of $39.98 million for the quarter, compared to the consensus estimate of $40.28 million. On average, analysts forecast that Strawberry Fields REIT will post 1.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. B. Riley Financial assumed coverage on Strawberry Fields REIT in a research note on Tuesday, April 21st. They issued a “neutral” rating and a $13.50 price objective on the stock. Alliance Global Partners reissued a “buy” rating on shares of Strawberry Fields REIT in a research note on Friday, May 8th. Zacks Research raised Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $15.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, May 11th. Finally, Lake Street Capital reissued a “buy” rating and issued a $16.00 price objective on shares of Strawberry Fields REIT in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Strawberry Fields REIT currently has an average rating of “Moderate Buy” and a consensus target price of $13.79.

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.