Strawberry Fields REIT (NYSEAMERICAN:STRW) Shares Down 2.1% – Here’s What Happened

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) traded down 2.1% on Monday . The company traded as low as $13.79 and last traded at $13.85. 24,148 shares traded hands during trading, a decline of 37% from the average daily volume of 38,497 shares. The stock had previously closed at $14.15.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STRW. Cantor Fitzgerald reiterated an “overweight” rating and issued a $15.00 target price on shares of Strawberry Fields REIT in a research note on Monday, May 11th. Alliance Global Partners reissued a “buy” rating on shares of Strawberry Fields REIT in a research report on Friday, May 8th. B. Riley Financial restated a “neutral” rating and issued a $14.50 price target (up from $13.50) on shares of Strawberry Fields REIT in a report on Wednesday. Finally, Zacks Research upgraded shares of Strawberry Fields REIT to a “hold” rating in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Strawberry Fields REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.17.

Strawberry Fields REIT Stock Performance

The company has a 50 day moving average of $13.35 and a two-hundred day moving average of $13.00. The stock has a market capitalization of $188.69 million, a PE ratio of 21.62 and a beta of 0.42.

Strawberry Fields REIT (NYSEAMERICAN:STRW) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $40.28 million. As a group, research analysts predict that Strawberry Fields REIT, Inc. will post 1.41 EPS for the current fiscal year.

Strawberry Fields REIT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a $0.17 dividend. This is a boost from Strawberry Fields REIT’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, June 16th. This represents a $0.68 dividend on an annualized basis and a yield of 4.8%. Strawberry Fields REIT’s dividend payout ratio (DPR) is 133.34%.

Institutional Trading of Strawberry Fields REIT

Large investors have recently bought and sold shares of the stock. First Eagle Investment Management LLC raised its holdings in shares of Strawberry Fields REIT by 8.4% in the fourth quarter. First Eagle Investment Management LLC now owns 325,589 shares of the company’s stock worth $4,265,000 after buying an additional 25,205 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Strawberry Fields REIT by 9.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 203,816 shares of the company’s stock valued at $2,670,000 after buying an additional 18,415 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Strawberry Fields REIT by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 172,839 shares of the company’s stock valued at $2,265,000 after buying an additional 6,969 shares during the last quarter. State Street Corp increased its position in shares of Strawberry Fields REIT by 2.6% in the 4th quarter. State Street Corp now owns 169,865 shares of the company’s stock valued at $2,225,000 after acquiring an additional 4,380 shares during the period. Finally, Gabelli Funds LLC acquired a new position in shares of Strawberry Fields REIT in the 2nd quarter valued at $1,515,000.

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.